In Brief:
- Makor Group completed its Series A raise with a $200m valuation.
- Makor will use the raised capital to expand its digital asset brokerage division.
- Algorand’s CEO, Steven Kokinos will join Makor’s Board of Directors.
Makor Group, an international agency brokerage and investment banking group, announced that it has completed its Series A raise at a $200m valuation.
Makor has built several new strategic partnerships with Algorand, Alan Howard, and more noteworthy US based asset managers. Algorand’s CEO, Steven Kokinos will join Makor’s Board of Directors.
Makor has shown rapid growth over the past few years, expanding its product range, expanding its regulatory reach, and developing its own fintech solutions
Makor will use the raised capital to expand its digital asset brokerage division, Enigma Securities, with trading volumes in excess of $2 billion monthly, and expand its geographical reach and M&A activities.
CEO of Algorand Steven Kokinos said, “With a growing number of organizations looking to leverage decentralized infrastructure to modernize traditional financial models, Algorand provides the performance, stability, scalability, and robust functionality required for disruption in the digital asset space. I look forward to Makor executing on their vision.”
Makor will leverage Algorand’s expertise in blockchain to create and distribute digital assets and will bridge a gap between Wall Street and the next generation of financial products.
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Co-founder and CEO of Makor, Michael Halimi, said, “We are witnessing an unprecedented shift in our industry powered by technology and innovation. Over the past year, the exceptional growth in our digital asset division has clearly demonstrated that we are at the forefront of this trend.”
