HOUSTON, Dec. 1, 2017 /PRNewswire/ -- The Entoro Group announces the acquisition of Cypheriant, LLC, a blockchain-based trading, risk management and services company. Cypheriant will be Entoro's new technology catalyst for proprietary and third-party services. In the current, fast-paced market for various new technologies and workflows, Cypheriant will provide pivotal expertise and direction for Entoro and our clients.
Entoro's experience in energy merchant banking, commodities trading and risk management, combined with Cypheriant's knowledge and implementation of emerging financial technologies, will deliver a powerful and professionally-focused blockchain ecosystem offering. Cypheriant will exploit three segments of the blockchain universe:
- Vault – trading, storage, hedging and the creation of new financial products and services for active blockchain offerings and cryptocurrencies;
- Services – primarily focused on smart contracts and their applications; and
- Infrastructure – provide secure physical mining locations, storage and solutions to support the underlying foundations of emerging technologies.
The acquisition of Cypheriant will drive Entoro's strategic initiatives and expand the roles and capabilities of its core team, while the group actively recruits new specialists, to accelerate the expansion of its financial technology platform. The new Cypheriant division will be a building block for the Entoro Group to professionalize the blockchain space for trading and risk management services while bringing new technologies to Entoro and OfferBoard® clients. "Our vision and goal of developing a higher level of professionalism across this ecosystem will accelerate our firm's growth and offerings to areas where innovation is a critical component for success for companies capitalizing on the blockchain evolution underway across the finance, energy and technology sectors," said Ian H. Fay, Entoro Capital Senior Partner.
The Future
Connecting the strengths of the Entoro/OfferBoard platform with more efficient contracts, methods and technologies from Cypheriant is a victory for all participants desiring process trust and confidentiality. The Entoro/OfferBoard platform is designed for sophisticated investors to effectively and efficiently review vetted transactions for investment. "With the digital revolution comes new products and methodologies and Entoro aspires to be a leader in the area. Our goal is to be both the transactional marketplace and the key trusted intermediary in this ecosystem, with great products, projects and investment opportunities," said James C. Row, Entoro Capital Managing Partner. "The Cypheriant suite of services is critical for Entoro to be a leader in smart contracts and risk management of new technologies for both financial and operating companies."
Entoro/OfferBoard
The Entoro Group includes a global investment banking and financial services group that focuses on mid-market energy and infrastructure investment banking. The Entoro Group of affiliated companies includes Entoro Capital (Energy and Infrastructure Investment Banking), Entoro Securities (FINRA licensed Broker/Dealer), and Entoro International (Advisory and Merchant Banking). OfferBoard was originally launched in 2014 for private companies and funds to raise equity or debt capital. Acquired by Entoro in 2017, the OfferBoard platform allows for immediate, global access to both capital and deal flow. The Entoro Group's strength is in bringing highly vetted projects to investors globally, with maximum efficiency, end-to-end security, and with seamless execution, delivering total confidence in each investment. www.entoro.com
Contact:
Ian H. Fay
+1.646.495.9313
[email protected]
SOURCE Entoro Group
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