In the high-frequency world of crypto trading, algorithmic superiority is key.The Hilbert Group, an asset manager in Stockholm, has made some big moves to stay ahead. The company will spend SEK 340 million ($32.4 million) to buy Enigma Nordic, a company that does quantitative trading.

This smart business deal aims to build a vertically integrated crypto powerhouse. As an institutional money manager, Hilbert Group is buying the “engine room” of modern trading.

Why would you spend $30 million on Enigma Nordic? The answer is trading.

Enigma doesn’t try to guess what the price of Bitcoin will be tomorrow. They are always looking at the markets with very complicated math models and algorithms, like super-advanced computer recipes. These programs trade prices that are only a few milliseconds apart.

Enigma is all about “market neutral” methods. They want to make money all the time, whether the crypto market is going up or down. Hilbert Group doesn’t need any other platforms anymore because they own the technology that makes money.

Transaction data shows that Enigma’s technology has high “Sharpe ratios,” which means it has high returns for the amount of risk it takes.

The Hilbert Group’s purchase is the last piece of a bigger puzzle. Adding Enigma makes Hilbert a full-service asset manager. It can now do everything from getting money from big investors to making trades on the blockchain that are very hard to understand.

In comments from the company, Niclas Sandström, the CEO of Hilbert Group, talked about this synergy. He said that Hilbert’s transformation into a full-service institutional investment business sets them apart in the market because they control both capital and trading infrastructure.

By joining a publicly traded company like Hilbert(Nasdaq First North), Enigma can put more money into its trading models. This could mean more money for the company. The way the deal is set up, with most of the money coming from Hilbert shares, makes the Enigma team want to do well in the long run.

You can read Hilbert Group’s direct statement in detail: https://www.hilbert.group/en/hilbert-group-acquires-enigma-nordic-to-strengthen-institutional-digital-asset-trading-capabilities/