Hilbert Group Acquires Enigma Nordic for $32 Million to Enable Global Market-Neutral Algorithmic Cryptocurrency Trading

Hilbert Group (HILB), a Swedish investment firm, announced the acquisition of Enigma Nordic for $32 million, expanding its algorithmic trading footprint in the cryptocurrency arena. The deal grants Hilbert access to Enigma Nordic’s high-frequency trading engine and proprietary execution stack, enabling the deployment of market-neutral strategies across leading crypto exchanges. Industry observers note that the integration aligns with a broader shift toward data-driven, cross-exchange arbitrage and risk-managed exposure in digital assets.

Officials from Hilbert Group noted that leveraging Enigma Nordic‘s platform will bolster liquidity provision and reduce execution slippage through global venues, while preserving stringent risk controls. The move underscores growing demand for algorithmic tools among institutional players seeking scalable crypto exposure and diversified revenue streams. As asset managers migrate toward automated strategies, the combined platform aims to accelerate systematic trading across spot and derivatives markets, subject to regulatory considerations and ongoing governance.