Hilbert Group buys Enigma Nordic in $32 million deal to boost crypto trading edge

The deal includes performance-based earn-outs contingent on Enigma's strategies generating $40 million in net income.\nWhat to know : Hilbert Group has acquired high-frequency trading platform Enigma Nordic in a $32 million deal, gaining access to Enigma's proprietary trading system and market-neutral strategies. The deal includes performance-based earn-outs contingent on Enigma's strategies generating $40 million in net income. The acquisition will help Hilbert offer systematic crypto products to institutional investors, with plans to integrate Enigma's platform into its hedge fund offerings.