Huobi acquires minority stake in algoreg
algoreg, a Luxembourg-based RegTech reshaping the onboarding and KYC journey, announced today that Huobi, a leading global blockchain asset financial service provider, acquired a minority stake in algoreg and will join its Board of Directors.
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Jeremy Antkowiak, CEO of algoreg commented: “We are thrilled to welcome Huobi as a strategic partner. This investment will help us to accelerate the growth of our business in the blockchain financial services. We are honoured to partner with Huobi and to provide one of the world’s largest digital asset exchanges with innovative solutions to onboard their customers.”
Run Wang, CEO of Huobi Eco echoed Jeremy’s sentiment: “Huobi Eco has always been committed to provide support and solutions for Huobi to operate within the compliance requirements of every country in which we do business. Building a strong partnership with algoreg allows Huobi to operates its business efficiently within the regulatory framework and stay top of international compliances.”