AKJt Holdings (AKJt), an affiliated company of trading and infrastructure solutions provider AK Jensen Group Limited, has acquired NexGen Management Limited (NexGen).

NexGen is a Cayman ManCo with a history of supporting both traditional and crypto funds. The transaction will allow AKJt to expand its service offering for crypto fund managers and will work in conjunction with AKJ Crypto plc (AKJC), AKJt's full-service platform for funds trading in digital assets. Additionally, the deal will provide additional client volume, distribution channels, and sales synergies.

In discussing the transaction, Neal Mitra, CEO of AKJ Crypto, says: "We are thrilled to have NexGen on board and look forward to providing fund managers with an increasing breadth of options when working with us. The team at NexGen have achieved a lot within a relatively short period of time, and their capabilities will play an important role in helping to shape our trajectory. We are anticipating an exciting road ahead."  

Gunnar Detlie, Director of NexGen, adds: "NexGen brings services and expertise that will add to and complement the institution-grade turnkey solutions for which AKJ is known. We are pleased to be joining the leader in this rapidly evolving space, and we are ready to get to work.