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Here you can find our press releases. press releases published by Vertical Ventures prior to the Reversed Acquisition of Arcane can be found in our archive. (Only available in Swedish)
Stockholm, 22 May 2023 - Arcario AB ("Arcario" or the "Company"), a leading Scandinavian company in the digital asset and web3 space, has entered into a strategic partnership with COWA, a renowned European leader in digital assets and web3 infrastructure services. The partnership will focus on web3 innovations and collaborative ventures.
In February 2023, Arcario and COWA began exploring opportunities for collaboration. As discussions progressed, the parties recognized the strong synergies between their respective businesses and the considerable potential to jointly advance on multiple strategic initiatives. After thorough evaluation, they mutually agreed that forming a strategic partnership would be the most effective approach to capitalize on these opportunities at this stage.
Torbjørn Bull Jenssen, CEO of Arcario, commented, "We are pleased to join forces with COWA in this strategic partnership. By leveraging our combined expertise and resources, we will drive innovation and growth within the digital assets and web3 space, creating greater value for shareholders and capitalizing on the advantages of our collaborative efforts."
Both Arcario and COWA are committed to eco-friendly web3 data center infrastructure services powered exclusively by renewable energy. By joining forces, the companies plan to examine the feasibility of developing high-performance computing (HPC) offering to address the increasing demand for AI-powered web3 applications.
In addition, Arcario and COWA have cultivated diverse venture portfolios that span the entire web3 ecosystem. As strategic partners, the firms will cooperate on future venture deals and exchange deal flow information, further solidifying their presence in the digital assets and web3 arena.
Moreover, the collaboration will afford Arcario's subsidiary and trading division, K33, exclusive access to a top-tier European brokerage for asset management distribution, courtesy of LIAN Group. This access enhances K33's ability to deliver bespoke financial services to some of its clients and expand its reach within the competitive asset management market.
The alliance between Arcario and COWA underscores the escalating significance of digital assets and the web3 ecosystem in today's global economy. By pooling their resources and expertise, both companies are well-positioned to foster innovation and expansion within the industry.
For more information, please contact Arcario AB's IR team at [email protected] or visit ir.arcario.com.
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The information disclosed in this press release is information that Arcario AB to is obliged to publish pursuant to the EU Market Abuse Regulation (MAR). This information was submitted for publication through the agency of the CEO at 22 May 2023 08:00 CEST.
About Arcario
Arcario is a Scandinavian trailblazer in the digital asset space, committed to shaping the future of finance as we know it. The company boasts a diversified portfolio that includes full ownership of K33, a research-led digital assets brokerage serving EMEA clients, Arcane Green Data, an eco-friendly Bitcoin mining operation in northern Norway, and minority stakes in both Puremarkets Ltd, a digital currency interbank OTC market, and LN Markets, a Bitcoin exchange leveraging the Lightning Network. The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser.
About COWA
COWA is a leading European provider of B2B data center infrastructure services to power Web 3 and compute-intensive applications, using only clean energy resources. At Cowa, we believe that having our energy coming from renewable sources - instead of carbon-rich fossil fuels - is a necessity, not a trend.
Stockholm, 22 May 2023 - Arcario AB ("Arcario" or the "Company"), a leading Scandinavian company in the digital asset and web3 space, has entered into a strategic partnership with COWA, a renowned European leader in digital assets and web3 infrastructure services. The partnership will focus on web3 innovations and collaborative ventures.
The shareholders of Arcario AB, Reg. No. 556668-3933 ("Arcario" or the "company"), are hereby summoned to the Annual General Meeting on Friday, 9 June 2023, 10:00 CEST, at the law firm Törngren Magnell & Partners' premises, Jakobs torg 3, SE 111 52 Stockholm, Sweden.
London, 3 May 2023 - Arcario's Pure Digital, an innovative interbank marketplace for tier one banks to trade digital assets, has entered into a Proof of Concept (POC) agreement with ClearToken, a prominent clearing house project in the digital asset space backed by Nomura's Laser Digital. Arcario maintains a significant 37.5% stake in Puremarkets Ltd., the company responsible for developing the Pure Digital platform.
Partnership Aims to Deliver Superior Onboarding and Compliance for Digital Asset Trading
Stockholm, 27 April 2023 - K33, the research-led digital assets brokerage and wholly-owned subsidiary of Arcario, is excited to announce the upcoming launch of its innovative Markets application, a complete overhaul of the brokerage operations formerly conducted by Kaupang. In its commitment to providing industry-leading digital asset investment solutions, K33 has entered into a strategic partnership with Ondato, a top provider of compliance technology, to deliver unparalleled security, efficiency, and user experience for both business and individual clients.
Arcario celebrates LN Markets' outstanding Q1 2023 results, showcasing significant growth in user base and trading activity.
Stockholm, April 21, 2023 - Arcario, a leading Scandinavian company in the digital asset and web3 space, today announced that its portfolio company LN Markets, an innovative Bitcoin exchange leveraging the Lightning Network, has achieved a record-breaking first quarter in 2023.
Stockholm, 19 April 2023 - Arcario AB ("Arcario" or the "Company") and K33 Holding AS ("K33"), the two distinct entities formed from the successful restructuring of Arcane Crypto, today announced upcoming changes to the board, to enhance strategic direction and bring new expertise to their teams.
Stockholm, 17 April 2023 - Arcario, a Scandinavian leader in the digital asset space, is excited to announce the global launch of the K33 platform following a successful beta testing phase during the first quarter. As a holding company committed to innovation and diversification, Arcario wholly owns K33, a research-led digital assets brokerage with investment services across EMEA. The K33 platform, currently featuring dedicated apps for Research and Investments, will provide a trusted and secure experience for those who need to understand what is happening in the digital assets industry along with those who want to trade or invest in the market.
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