British cryptocurrency provider ICONOMI takes over the Dutch Triaconta

Disclaimer: This is a paid press release. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

Amsterdam, June 3, 2024 – ICONOMI, one of the leading UK trading platforms for managing cryptocurrency assets, recently acquired Triaconta, allowing it to further develop and grow in the Netherlands and Europe. This has made ICONOMI one of the few brokers that meet strict requirements in both the British market and the Netherlands. In the future, the company also plans to obtain a license in accordance with the MICA Directive in the EU. Don Molenaar, co-founder of Triaconta, said the following about the acquisition:

“We are very excited and proud that the Triaconta team will be able to grow, learn and develop under the wings of one of the leading cryptocurrency management platforms on the European market. ICONOMI is an ambitious company with a wealth of knowledge and is very strong in developing innovative solutions. we are convinced that this is a step in the right direction.”

ICONOMI enables Dutch users to invest in crypto by copying crypto strategies, buying and selling cryptocurrencies or creating their own crypto strategy. It is built around a strong community forum, connecting experienced users and newcomers. Users can choose and copy hundreds of crypto strategies and their investments will reflect the chosen strategy. It enables buying and selling of cryptocurrencies with various payment options – both Euro and (crypto)currency via bank or direct deposits and also with iDeal.

ICONOMI, initially developed as an investment platform for individuals looking to diversify their investment portfolios into cryptocurrencies, has recently shifted its focus to developing solutions for institutional investors. Due to its successful activities in the United Kingdom, it also has strong ambitions in the European market. Therefore, the acquisition of Triaconta, which has an established presence in the Netherlands – including a registration with De Nederlandsche Bank (DNB) – is the next logical step in expanding its activities. The company’s CEO, Peter Curk, emphasizes that:

“The global crypto asset market is gradually entering a more mature phase, which will entail appropriate market regulation as well as the entry of institutional professional investors, including high net worth individuals (HNWI) into the market. We see examples where even larger private pension and other funds are forming an investment policy that includes cryptocurrencies, mainly Bitcoin (BTC) and Ethereum (ETH).

Of course, such investments are still considered very risky; therefore, funds limit investments in crypto assets to 1-3% of the portfolio, but nevertheless this represents a significant shift from a few years ago. It appears that a new social consensus is emerging, with Bitcoin poised to gain the status of ‘digital gold’ and a store of value.”

With this in mind, the company has developed a B2B platform for brokerage firms, fund and asset managers and financial advisors who want to enter the world of crypto. They can manage cryptocurrency investment portfolios under their own brand using the ICONOMI white label platform, trade on multiple crypto exchanges and ensure proper tax and regulatory reporting for their users.

Assets at ICONOMI are secured and stored in their proprietary system of hot and cold wallets, with a multi-level/multi-signature structure and specially designed processes and guidelines that they follow. Their system is designed to be extremely secure for users – moving assets requires signatures from multiple people/organizations and with added time and location complexity, the assets are safely protected. Peter Curk added:

“Today we are seeing examples of best practices where banks and other traditional financial institutions are actively integrating fintech solutions to acquire and manage cryptocurrency assets. However, due to the complexity and specialist knowledge required, these institutions choose not to develop the solutions themselves, but to rent them from partners. ICONOMI has already developed these solutions and anticipates the continued growth of this market in the future. In addition to maintaining services for individual users, we are committed to prioritizing tailor-made solutions for the evolving needs of B2B partners and customers.”

As the next milestone in the company’s development, they will try to obtain a license in accordance with the new European MiCA directive, adopted in 2023, which will establish a uniform regulatory framework in the EU markets and thus open up the cryptocurrency market will harmonize. For example, Christiaan Jimmink, Country Lead at ICONOMI Netherlands, stated the following:

“Our Dutch team sees plenty of opportunities for growth, both in the Dutch and the broader European market. Given the possibilities and ease of use of the ICONOMI platform for both individual users and institutional investors, we believe in its expansion. Even with the unification of the regulatory framework in the EU markets that the MiCA regulation brings.”

Peter Curk added:

“Due to the harmonization of the European market and the security of trading with cryptocurrencies, we expect further growth of activities in this area. We aim to remain one of the leading platforms for cryptocurrency management, which will be easy to use for both individual users and institutional investors. The expertise and experience of the Triaconta team will undoubtedly be invaluable to us in this endeavor.”

Over ICONOMI LTD

ICONOMI, a crypto portfolio management platform, was founded in 2017 and had over 40,000 users in 2019. An important milestone followed in 2021 when the company registered with the UK Financial Conduct Authority (FCA). More than 300 providers applied for a similar registration, while the regulator had assessed only 1 in 10 applications positively. Among them was ICONOMI, which demonstrates that it meets the regulator’s high standards and all requirements. The platform is also subject to strict audit procedures and compliance; internal audits are carried out by one of the Big 4 accounting firms.

For more information, visit the ICONOMI website: https://www.iconomi.com/en/

Disclaimer: This is a paid press release. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.