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  6. trueDigital Holdings Acquires trueEX Group - Designated Contract Market and Swaps Execution Facility

M&A Deal Summary

trueDigital Holdings Acquires trueEX Group - Designated Contract Market and Swaps Execution Facility

On July 12, 2019, trueDigital Holdings acquired information technology company trueEX Group - Designated Contract Market and Swaps Execution Facility from trueEX Group

Acquisition Highlights
  • This is trueDigital Holdings’ 1st transaction in the Information Technology sector.
  • This is trueDigital Holdings’ 1st transaction in the United States.
  • This is trueDigital Holdings’ 1st transaction in New York.

M&A Deal Summary
Date 2019-07-12
Target trueEX Group - Designated Contract Market and Swaps Execution Facility
Sector Information Technology
Buyer(s) trueDigital Holdings
Sellers(s) trueEX Group
Deal Type Divestiture

Target

trueEX Group - Designated Contract Market and Swaps Execution Facility

New York, New York, United States
trueEX Group LLC - Designated Contract Market (DCM) and Swaps Execution Facility (SEF) provides customers are able to take advantage of innovative and streamlined execution services and technologies. The trueEX RFQ tool supports standardized products in USD, EUR, GBP, and MXN, as well as IMM and MAC contracts in select currencies. The trueEX PTC trade workflows support a wide variety of clearable and bilateral swaps products.

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Buyer(S) 1

Buyer

trueDigital Holdings

New York, New York, United States
Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

trueDigital Holdings LLC is a New York-based global financial technology company, provides innovative solutions to financial markets utilizing blockchain-based technologies to enable frictionless asset transfer and settlement. trueDigital has also created the first-of-its-kind margined deliverable swap contracts on Bitcoin as well as the first institutional OTC-based digital asset reference rates.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

trueEX Group

New York, New York, United States
Category Company
Sector Information Technology
DESCRIPTION

trueEX Group LLC is a global, electronic, CFTC-regulated exchange for interest rate swaps. trueEX Group LLC mission is to deliver the most innovative solutions to clients while providing connections to multiple clearing houses and an open-access business model.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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