Amsterdam’s Invest-NL takes priority stake in Fox Crypto following NCC Group divestment: Know more
Amsterdam-based Invest-NL, a national financing and development institution, announced that it has acquired a priority stake in Fox Crypto at the request of the Dutch Ministries of Defence, Economic Affairs, and the Interior.
The transaction announcement comes after NCC Group’s divestment of the cryptographic arm Fox Crypto to Stockholm-based CR Group Nordic AB.
Rinke Zonneveld, CEO of Invest-NL, says, “A special transaction in a special time in a special company. Because Fox Crypto ensures with its super-smart algorithms in their advanced hardware that our secret data does not end up in the hands of third parties.”
The strategic investment is part of a broader package of measures intended to ensure the Netherlands…
