Currency.com is a platform that operates at the intersection of crypto, trading and payments and is in consultation with N7 Capital. The company has signed an intent with investors linked to Cxnest Ltd, the parent company of Currency.com for a potential share acquisition.
While financial details for the transaction remain undisclosed, N7 Capital aims to support traditional financial aspects with the evolving digital asset economy.
This investment is consistent with the broader trends in capital focused on fintech, moving towards a more institutionally oriented crypto venture. Currency.com, a provider of trading services, asset management and payment solutions, has recently undergone a strategic relocation.
Positioning for institutional growth
Changes in leadership teams and regulatory status suggest that companies lay the foundation for wider international expansion. As part of the agreement, N7 Capital CEO and founder Anton Chashchin will join CXNEST Ltd's board of directors with non-executive capabilities upon completion of the investment.
“Anton Chashchin, founder and CEO of N7 Capital, is expected to play a non-executive role on the CXNEST Ltd board after the interest acquisition is completed.”
Anton brings deep operational experience, strategic insights, and Fintech and Financial Services related resources that can prove instrumental as a scale for Currency.com.”
Support from N7 Capital comes as digital asset platforms are about to shift beyond retail-centric services. Currency.com aims to expand its product suite and attract more sophisticated investors.
Insiders notes that Currency.com is in the early stages of expanding its reach into new international markets. N7 Capital's support is expected to play a role not only in funding its growth, but also in strengthening the company's governance and operational structure to meet the demands of the broader institutional customer base.
Expect continuous updates as this story evolves.
