Exclusive: Nukkleus applying for EMI license, planning digital asset exchange

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LeapRate Exclusive… LeapRate has learned that Forex brokerage technology group Nukkleus Inc (OTCMKTS:NUKK) is planning on launching a regulated cryptocurrency exchange, which would cater to the institutional and high-end-retail trading segment.

Via regulatory filings made by the publicly traded company, we have learned that the Nukkleus recently incorporated a new Malta based holding company called Nukkleus Malta Holding Ltd. In turn, the new holding company incorporated subsidiaries Nukkleus Exchange Malta Ltd. and Nukkleus Payments Malta Ltd.

For Nukkleus Payments Malta Ltd., management is currently exploring obtaining an Electronic Money Institution (EMI) license to facilitate customer payment transactions. And for Nukkleus Exchange Malta Ltd., the company is seeking to create an electronic exchange whereby it facilitates the buying and selling of various digital assets as well as traditional currency pairs used in FX trading.

While the current plan is for both entities to be regulated by the Malta Financial Services Authority – Nukkleus’ main Retail FX client FXDD is already licensed by the MFSA in Malta – we understand that no final decision has been made, and the company is still examining other locations and possibilities.

Malta has become a location of choice for a number of crypto exchanges and other blockchain related businesses, supported by legislation passed in the EU member island country.

Nukkleus has been looking for investment and expansion opportunities since calling off its planned merger with IronFX late last year, as was also exclusively reported by LeapRate.

LeapRate spoke with Nukkleus CEO and controlling shareholder Emil Assentato, who noted:

We have been examining possibilities for investing not just money but also our technological advantage gained in other Nukkleus group businesses, and we believe that a regulated digital exchange business provides a very good opportunity for the company. As institutional traders continue to enter the sector, they will be looking for regulated, technology savvy solutions.

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Exclusive: Nukkleus applying for EMI license, planning digital asset exchange


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