The Bitfury Group has acquired a substantial minority stake in Final Frontier, a financial services firm that specializes in the blockchain industry. Final Frontier was founded by a group of seasoned investment professionals with decades of experience in the traditional financial services industry.
At a time when institutional investors’ interest in digital assets is strongly growing, the partners will leverage each other’s deep expertise to develop and offer a range of institutional grade financial products and services. Those products and services will enable professional investors to enter and operate in this exciting new asset class in a confident and responsible manner.
“This is a ground-breaking partnership between a blockchain technology firm and an experienced team from traditional finance,” said Valery Vavilov, CEO of Bitfury. “With the blockchain space institutionalizing, we consider it an important step forward for the entire ecosystem and for our own mission to be the world’s leading full-service blockchain company.”
“Our mission is to be the bridge for institutions from traditional finance to enter this innovative asset class,” said Imraan Moola, co-founder of Final Frontier. “We are honored to have Bitfury as our strategic blockchain advisor and stakeholder. Bitfury’s technological expertise, combined with our financial markets know-how and track record, will allow us to create unique and differentiated financial products and solutions to service our sophisticated investor base.”