Mahreb Group to Acquire Majority Stake in Crypto Prime Ventures and Wealth Management Platform Nomy for $72 Million
The post Mahreb Group to Acquire Majority Stake in Crypto Prime Ventures and Wealth Management Platform Nomy for $72 Million appeared on BitcoinEthereumNews.com.
In a landmark move that underscores the accelerating convergence between digital asset innovation and traditional finance, Mahreb Group has officially agreed to acquire a controlling stake in Nomy Finance, a leading digital wealth management and strategic venture platform, for $72 million. The acquisition significantly expands Mahreb Group’s strategic investment into crypto-native services, placing it firmly at the intersection of institutional finance and blockchain innovation. Nomy, known for its crypto prime ventures division and robust asset management infrastructure, currently supports more than 1.5 million users globally and has backed over 600 blockchain startups, becoming a pivotal force in the Web3 ecosystem. This acquisition is set to accelerate Nomy’s growth, enhance its influence across global markets, and provide unparalleled access to premium fiat-class solutions—setting a new benchmark in hybrid financial services. A Strategic Milestone for Both Companies Mahreb Group, a well-established financial powerhouse with over 100 million clients across banking, payments, and institutional finance in the Middle East, Africa, and Europe, has consistently sought opportunities to integrate digital asset solutions into its traditional financial offerings. The acquisition of Nomy represents its most significant step to date in bridging these two financial worlds. Through this acquisition, Mahreb Group not only gains access to Nomy’s robust digital wealth infrastructure but also inherits its extensive experience in strategic venture investments within the blockchain space. With assets under management in Nomy’s venture division already surpassing $691 million, Mahreb is positioned to become a formidable institutional player in the Web3 and crypto investment space. “Nomy’s unique strength lies in combining strategic blockchain investments with a compliant and scalable digital asset platform,” said Ming Liu, Chief Product Officer at Nomy. “By joining forces with Mahreb Group, we amplify our capacity to deliver innovative solutions and reach millions of new users worldwide. This marks the start of a transformative…
Filed under: News - @ April 25, 2025 5:23 pm