Clear Junction snaps up crypto firm Altalix
Altalix will now be known as Clear Junction Digital Ltd and pivot from retail clients to regulated institutions
Cross-border payments solutions provider Clear Junction has acquired Altalix, a UK-based crypto company.
One of the first companies in the UK to be registered with the Financial Conduct Authority as a crypto firm, Altalix provides fiat-to-crypto gateway solutions.
The firm will remain as a separate company, but be rebranded to Clear Junction Digital Ltd under the new ownership, shifting from serving retail clients to solely providing services for regulated institutions.
“Clear Junction has always seen compliance as a cornerstone to our business, and we are confident that this acquisition is an investment into our capabilities and stability of service to our clients with a solid infrastructure for offering products that fit the purpose of the future of digital assets,” Clear Junction CEO Dima Kats said.
Kats said the company will spend time in the final quarter of the year integrating the new business and developing pilot products.
Clear Junction described the deal as a strategic acquisition representing a “significant milestone” for the company as it works to become a “one-stop-shop” for clients to manage their payment and treasury needs worldwide, highlighting Altalix’s FCA reputation and compliance-first approach.
While Clear Junction does not have plans to trade in digital assets or to become an exchange, it said it needs to position itself to offer both fiat and digital services to clients in the future to remain competitive in the payments space.