Hilbert Group, a global digital asset investment firm traded on NASDAQ, has announced a significant long-term investment in CCD, the native token of Concordium, which operates as a PayFi blockchain designed for institutional-grade payments. This marks Hilbert’s inaugural investment in a core token outside of Bitcoin and Ethereum.
The firm plans to make a substantial initial allocation to CCD, reflecting its belief in Concordium’s long-term potential. In addition, Hilbert has committed to increasing its holdings in CCD through market purchases over the next six months. This investment aligns with Hilbert Group’s strategy of identifying high-potential projects that pass its stringent due diligence parameters.
Barnali Biswal, CEO of Hilbert Group, expressed confidence in Concordium’s standout features, particularly its built-in ID layer designed to facilitate regulated and enterprise-grade solutions. Biswal stated, “With Concordium’s technical expertise and strong management, we believe CCD is well-positioned to become the primary infrastructure layer for a new era of institutional- and consumer payments.”
Concordium differentiates itself through a structure that seamlessly integrates with global regulatory frameworks. Its on-chain identity system and a model that does not rely on smart contracts make it apt for supporting extensive, compliant payment systems. This positions Concordium at the junction of traditional finance and decentralized finance, catering to the ongoing evolution of blockchain payments.
Hilbert’s investment will not only bring financial resources to Concordium but also pave the way for strategic collaborations. Potential areas of partnership include treasury management, liquidity growth, and development within the PayFi ecosystem. This collaboration is anticipated to enhance the utility of CCD as a token, significantly raising its visibility and market momentum.
Boris Bohrer-Bilowitzki, CEO of Concordium, welcomed the investment as a validation of the company’s mission. He noted that their partnership with a NASDAQ-listed firm like Hilbert would accelerate their growth trajectory. “This isn’t just a capital infusion; it’s a strategic investment. Together, we are driving institutional adoption and building a future-proof blockchain for the real economy,” Bohrer-Bilowitzki said.
As a publicly listed entity, Hilbert Group serves as a regulated entry point for traditional investors into the digital asset arena. The inclusion of Concordium in Hilbert’s portfolio provides shareholders with exposure to a promising infrastructure project that straddles the domains of cryptocurrency, regulatory compliance, and global payments.
Concordium itself is a scalable Layer 1 blockchain that emphasizes a unique identity layer at the protocol level to ensure verified, privacy-preserving user interactions, enabled through zero-knowledge proof technology. Launched in 2018, Concordium offers a range of innovative features aimed at ensuring compliance while driving real-world adoption, including time-released programmable tokens and secure ID-based geofencing adept for cross-border transactions.
Overall, this investment marks a significant milestone in Hilbert Group’s exploration of the evolving digital asset landscape and reinforces Concordium’s position as a forward-thinking player in the realm of blockchain technology.
