Transaction · Crypto / Digital Assets · 2025

Hilbert Group / Enigma Nordic 2025

Hilbert Group acquired Enigma Nordic for $25M on December 19, 2025.

Target
Enigma Nordic
Acquirer
Hilbert Group
Deal value
$25M
Announced
December 19, 2025
Sub-sector
Crypto / Digital Assets

Transaction overview

  • Hilbert Group announced the acquisition of Enigma Nordic on December 19, 2025 for $25M.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Acquire high-frequency quantitative trading platform with proven market-neutral strategies to strengthen institutional digital asset offerings and scaling capabilities.

Deal terms & multiples

Deal value
$25M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 19, 2025
Acquirer
Hilbert Group (Strategic)

Frequently asked questions

How much did Hilbert Group pay for Enigma Nordic?

Hilbert Group acquired Enigma Nordic for $25M, announced on December 19, 2025.

When did Hilbert Group announce the acquisition of Enigma Nordic?

Hilbert Group announced the acquisition of Enigma Nordic on December 19, 2025.

What sub-sector is Enigma Nordic in?

Enigma Nordic is tracked in the Crypto / Digital Assets sub-sector.

Sources

  • pr-inside.com /hilbert-group-acquires-enigma-nordic-to-strengthen-institutional-digital-r5158263.htm