Payments Platform Clear Junction Acquires Altalix, a Crypto Firm

FCA-licensed payments platform Clear Junction has acquired UK-based crypto firm Altalix, according to a statement from Clear Junction. By acquiring Altalix, Clear Junction now possesses both an EMI (e-Money) license and a crypto-asset registration, making it one of the few companies with this combination. Altalix is a fintech company that provides fiat-to-crypto gateway solutions. The terms of the acquisition have not been disclosed. Clear Junction believes that this strategic move will position it as a one-stop shop for clients looking to manage global payments and transfers. While Clear Junction currently does not offer crypto options, it recognizes the value of having them as the digital asset market continues to grow. The UK government has expressed its aspiration to become a leading global crypto hub. Clear Junction clarified that it does not intend to offer a crypto exchange or trading platform, but it acknowledges the demand for crypto/fiat transactions. The CEO of Clear Junction, Dima Kats, expressed excitement about the acquisition and emphasized the importance of staying updated with market trends and regulatory developments. Altalix will continue to operate separately but will be rebranded as Clear Junction Digital. Its operations will shift from retail to serving regulated firms that align with Clear Junction’s business. Clear Junction plans to take time in Q4 to understand Altalix’s business and update policies and processes as necessary. A pilot program is also being developed for launch. In June, Clear Junction launched CJClique, a platform for its digital asset clients to connect and collaborate.

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