PR: Koine acquires hireabl to strengthen client on-boarding for institutional custody of digital assets

Koine, the specialist financial institution for custody and settlement of digital assets, has acquired Recruitable Ltd (trading as "hireabl"), a pre-launch, fintech company with a scalable platform for automated client on-boarding.

Koine plans to make a number of strategic acquisitions of innovative, early stage tech-based, IP owners in order to fast-track the integrated end-to-end services that its clients are demanding.

To deliver the best value for its shareholders, Koine's executive team will use their considerable M&A experience to cherry-pick the best pre-revenue acquisitions.

Koine is scheduled to launch next month with its ultra-secure custody and real-time settlement services for digital assets for institutional clients.

Hugh Hughes, Chairman and CEO of Koine said: "Koine has recently completed its second round financing and we are poised for launch and dramatic growth. With this acquisition of talent and technology, we are investing in the client on-boarding experience, for excellence of our customer service and for rapid expansion in our client base. We are delighted that the hireabl team and technology are now within the Koine stable – our platform positions Koine to become a major institutional custodian of digital assets".

Jason Mochine, CEO at hireabl, and now Head of Sales at Koine said: "We are convinced of the business and technical synergies of integrating our scalable client on-boarding capability into the Koine global offering. There is massive client interest in the provision of institutional custody and settlement of digital assets. Clients and prospects are impressed at gaining the ability to increase their capital efficiency and reduce settlement risk through real-time interoperability with multiple global trading venues on the single Koine custody system. The addition of an automated KYC/AML/CTF platform as part of the Koine architecture ensures highly efficient and scalable client on-boarding".

The founders of hireabl, David Grocott (formerly COO) and Matt Dangerfield (formerly CTO) have joined Koine to take up similar roles, adding further strength to its senior team.

About Koine
Koine offers institutional custody and settlement services for both fiat and digital assets. Its solution has been designed to overcome the risk of client assets being hacked from exchanges and the current challenges of blockchain based settlement.
It provides institutional grade custody for all trading styles, from passive holding to high-frequency trading, across multiple marketplaces with sub-millisecond settlement. Koine's service significantly reduces counter-party and settlement risks for fiat and digital asset trading and, with legal segregation of our clients' assets, minimises any insolvency risks. Throughout 2019, the Koine offering will be enhanced to support Securities and ICOs.
Koine is an EMD Agent of PayrNet, an Electronic Money Institution authorised by the FCA. It has implemented a banking grade governance framework. Its policies and procedures have been designed to conform to all regulatory standards in Client Due Diligence and AML and will be ready for 5MLD and MiFID2.
Working with world leading liquidity providers, institutions and marketplaces, Koine is led by a team of proven financial services executives with substantial experience in commercial banking, capital markets and payments.

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