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Hilbert Group Completes Major Milestone 3 months Ahead of Schedule for the Syntetika Launch
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Finans |
| Industri | Investeringar |
Hilbert Group AB (Nasdaq: HILB B) today announced the early delivery of the SyntX decentralized exchange (DEX) for Real World Asset (RWA) trading, developed by Private Pools Network (PPN). The completion of SyntX marks the first of two foundational modules in the forthcoming Syntetika platform, scheduled to launch in September 2025.
The SyntX DEX is fully operational and has undergone several months of test trading. It will support the trading of tokenized pre-IPO equities and other RWAs. The second module, SyntH, will host tokenized funds managed by Hilbert and third-party asset managers.
Syntetika is both a trading venue and tokenization platform, integrating traditional assets and major cryptocurrencies. It leverages Galactica’s zero-knowledge KYC (zkKYC) technology to ensure regulatory compliance without compromising user privacy.
As part of the strategic partnership with PPN and the payment for SyntX, Hilbert has acquired a minority equity stake in Private Pools Network. PPN will continue to provide technical development, maintenance, and automated market-making services for the platform.
Barnali Biswal, CEO of Hilbert Group, commented: “We are very pleased with PPN’s delivery of SyntX well ahead of schedule. Beyond its cutting-edge technology, PPN brings a strong network of venture capital firms and early adopters that are already contributing to securing AUM for the platform’s launch.”
Bernardo Marques, CEO of Private Pools Network, added: “The timing is perfect. We look forward to supporting Hilbert with the infrastructure, execution, and innovation needed to make Syntetika a leader in tokenized finance.”
About Private Pools Network
Private Pools Network is a blockchain protocol that provides a comprehensive suite of yield-generating products. By harnessing an in-house market making engine alongside an advanced automatic market-making (AMM) system, it effectively captures market volatility and optimizes returns for DeFi liquidity providers.
About Galactica
Galactica is a pioneering blockchain platform that has developed world leading technology in terms of digital identity, regulatory compliance, and privacy in decentralized finance/Web 3.
For further information, please contact:
Barnali Biswal, CEO Hilbert Group AB or
Niclas Sandström, Co-founder Hilbert Group AB
+46 (0)8 502 353 00
ir@hilbert.group