“London offers the ideal ecosystem” - announced Antonio Simeone, co-founder and CEO of Euklid. “Here we can meet the needs of new investors and rely on an innovative and efficient financial industry also thanks to a lighter regulatory environment”.

Euklid was originally founded in July 2015 with the purpose of discovering and exploiting the potentials involved in applying Artificial Intelligence to Bitcoin and the Blockchain. Euklid’s team has been working on such technologies for several years - since the very early days of Bitcoin - in order to develop a technology that is able to predict the fluctuations of the crypto-currency. A sort of win-win strategy: a mix that radically transforms the finance world, by offering new standards of transparency and fairness yet still providing great economic returns. Euklid achieved a return of over 130% on their investments on crypto-assets all thanks to the algo-trading systems driven by AI.

“At Euklid - explains Simeone - humans are mere observers, and investors are guaranteed a high level of transparency. Every single operation of our trading activity is registered in the Blockchain.” Currently, Euklid’s customers can only invest on cryptoassets. The algotraders are linked to APIs from Bitfinex and Kraken, Ethereum and other digital currencies.

However, Euklid’s dreams are now more ambitious.

The four founders- Antonio Simeone, Franco Grassi, Francesco di Leva, and Mario Giancola - were supported by experienced advisors with a strong international experience such as Christopher Pallotta from Raptor Group, Ivan d’Avanzo from the Boston Consulting Group and Luca Marseglia from the Quantum Engineering Group at MIT. Giovanni Contini and Joseph Bradley recently joined the team as well as Professor Emeritus Paolo Savona (former Chairman of Unicredit Banca di Roma) as Chairman of the Board of the UK NewCo and Paola Bonomo as advisor.

The recently raised funds will allow Euklid to establish a NewCo in the UK and a RAIF fund in Luxembourg. These are important steps towards the realization of what Simeone believes will be “The Bank of tomorrow”.

Euklid’s goal is to bring to life a completely autonomous and transparent investment bank run by Artificial Intelligence and that does not charge clients management or entry fees of any kind. This new platform will enable customers to invest their savings on a portfolio of around 100 assets among the most liquid and stable available on financial markets. In this phase, Euklid also plans to partner with Bankable, a member as well of the London-based FinTech accelerator Level39. Thanks to these partnership clients will benefit from traditional banking services as well, such as having at their disposal a checking account, debit cards for payments, or the possibility of executing wire transfers.

In summary a full banking experience, but remarkably different from the status quo. The AI substitutes the role of humans with regards to the decision making process and customers can finally take control of their personal finance thanks to the transparency offered by the blockchain.