Hilbert Group acquired Enigma Nordic for 32 million dollars.

Hilbert Group has acquired the high-frequency trading platform Enigma Nordic for 32 million dollars. With this acquisition, Hilbert Group gains access to Enigma's proprietary trading system and market-neutral strategies.

The deal includes performance-based additional payments contingent upon Enigma's strategies generating 40 million dollars in net revenue. This acquisition will assist Hilbert Group in offering systematic crypto products to institutional investors. Furthermore, Enigma's platform is planned to be integrated into Hilbert Group's hedge fund offerings.