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UK crypto fintech Altalix acquired by Clear Junction

UK-based cryptoasset firm Altalix acquired by Clear Junction for undisclosed amount, rebranded as Clear Junction Digital Ltd. Focus shifts to serving regulated institutions for a competitive edge in the growing digital assets market.

Facts

  • Clear Junction acquires Altalix to enhance its competitive position in the digital assets market.
  • Altalix will be renamed Clear Junction Digital Ltd. and shift from serving crypto-businesses to exclusively serving regulated institutions.
  • Clear Junction’s purchase is not aimed at becoming a digital asset exchange but adapting to changing market sentiments.
  • Altalix was one of the first crypto firms registered with the Financial Conduct Authority (FCA).
  • Clear Junction underwent a rigorous change in control process with the FCA, obtaining both cryptoasset and electronic money institution (EMI) licenses.
  • Clear Junction has been providing technology for global access to payment accounts, e-money accounts, virtual IBANs, and treasury services to regulated institutions since 2016.
  • The acquisition of Altalix’s fiat-to-crypto gateway solutions will enable Clear Junction to offer both fiat and digital services.

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