Hilbert Group buys Enigma Nordic in $32 million deal to boost crypto trading edge
Hilbert Group (HILB), a Swedish investment firm specializing in algorithmic trading within the cryptocurrency market, has acquired the high-frequency trading platform Enigma Nordic in a $32 million deal.
The move grants Hilbert access to Enigma’s proprietary trading system, which executes market-neutral strategies across global cryptocurrency exchanges, the companies stated in a press release.
Enigma said it has handled over 50 billion Swedish krona (around $5.4 billion) in trading volume so far in 2025 and reports a Sharpe ratio above 3.0, a performance the firm claims is “rarely achieved in scalable, market-neutral digital asset strategies globally.”
While the $5.4 billion trading volume indicates high activity, it…
