As the preparations for launch and on-boarding clients are ongoing, the management of Wellmont Capital is researching additional services, connected to its trading models. The result of the research is that three additional products and services have been identified. They are Currency Tether, Underwriting and Additional Currencies. The services can be read about in detail at the web page and the goal is to have the new additional services fully operating during February 2019.
January 16, 2019
Amsterdam, The Netherlands
Wellmont Capital Group N.V. has entered into an agreement to acquire Scandic Assets Limited, a UK based firm in the process of obtaining an E-Money Institution license. The company currently holds a third party coverage allowing it to commence operations immediately, but once the full license has been set in place it may, in turn, offer a wider range of services.
The company is acquired for newly issued shares in Wellmont Capital Group N.V. at a total value of €6,800,000 and the transaction will close immediately.
“This acquisition of Scandic Assets provides one of several important regulatory building blocks for Wellmont Capital”, says Anthony Norman, CEO of Wellmont Capital Group. “We expect the additional acquisition to add to the structure but with this first one in place we can commence client operations”.
The management of Wellmont Capital has now announce its initial product portfolio to be offered on its retail client platform. There are five individual trading models where Wellmont Capital holds a significant competitive edge. The products are “Albie” AI Robot Trading, Swing Trading, Non-leveraged Trading, Institutional Arbitrage Funding and Tethered Forex Trading.
In January 2019, Wellmont Capital Group N.V. launched its retail version of its portfolio of trading and investment products. The end-client platform is currently being developed and its functionality expanded. The management expects to onboard the first clients during the first week of February.
December 2, 2018
The management of New Motor Media N.V. is proud to announce that it’s reached an agreement with its majority shareholders today to spin out its former motor sports-related businesses in order to facilitate a new strategic direction of the company. On the upcoming Annual Shareholders Meeting, the majority shareholder, Mr. Anthony Norman, is going to suggest that the company’s name is changed to Wellmont Capital Group N.V. and that it approves the sales transaction.
In addition, a capital increase to be made by contribution in kind as well as cash contributions are expected to be approved. The majority shareholder will in time for the AGM nominate a new set of directors for the company’s board.
The company’s new strategic direction is to provide retail clients with access to cross-asset banking in the form of traditional currency as well as a cryptocurrency. Both will be integrated with other securities such as bonds and shares in a seamless wallet interface. The first rollout of client services is expected in the first quarter of 2019 alongside a series of strategic acquisitions.