NAGA Secures Seychelles License, and Signs LOI to Launch a Joint Venture for Crypto Trading in Brazil

NAGA, a leading multi-asset neo-broker powered by a social network, announced that it has obtained a financial license from the Seychelles regulator to further boost its international presence.

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"The license from Seychelles offers a fully regulated environment for our business outside Europe, it will enable us to strengthen banking and payment relationships and unlock significance for our B2B segment. In addition, customers are better protected. We have been working for several months on this license and are happy to get it operational in Q4," said Benjamin Bilski, Founder & CEO of NAGA.

On top of that, NAGA's crypto division NAGAX has signed a Letter of Intent with Guide Investimentos, one of the largest digital asset management platforms in Brazil, to launch a joint venture to provide a crypto trading platform in Brazil, leveraging the capabilities of NAGAX for spot and staking of crypto assets.