Investment firm Deus X Capital announced on Tuesday that it has invested SEK 300m (approx. $31.2m) in the crypto treasury programme of Hilbert Group. The investment is structured as a loan.
“Hilbert’s ability to structure, operate, and manage complex digital asset strategies with institutional rigor makes them a unique platform in European markets,” said Deus X Capital CEO Tim Grant. “We are excited to continue our journey with Hilbert Group and see them become the flag bearer for actively managed corporate treasury in Europe.”
Based in Sweden, Hilbert Group is a listed digital assets investment firm. The company runs several Cayman Islands-based funds that invest and trade cryptocurrency markets, with hedge fund-like strategies.
Hilbert Group announced the launch of a ‘Strategic Crypto Treasury Programme’ earlier this month.
The basic purpose of the programme appears to be giving corporations access to an actively managed Bitcoin treasury. So if you are a corporation looking to get Bitcoin exposure on your balance sheet, you can do so via Hilbert Group.
“Hilbert Group’s core institutional asset management business naturally possesses the infrastructure and expertise to run a best-in-class corporate crypto treasury strategy – the objective of which is to maximize Bitcoins per share for our shareholders,” said Russell Thompson, Hilbert Group’s Chief Investment Officer.
Hilbert Group recently announced that it had added Lars Seier Christensen, one of the founders of Saxo Bank, to its advisory board. The company is traded on the Nasdaq First North and its shares are up almost 200% in the year to date.
