Hilbert Group Acquires Enigma Nordic for $32M to Expand Crypto Offerings

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Hilbert Group (HILB) acquired Enigma Nordic for $32 million to boost its crypto offerings. The Swedish firm plans to integrate Enigma’s high-frequency trading platform into its hedge fund products. Enigma’s strategies focus on altcoins to watch, using data-driven methods to capture crypto price inefficiencies. The firm’s market-neutral approach has delivered a Sharpe ratio over 3. As of 2025, Enigma’s trading volume hit 50 billion SEK ($5.4 billion).
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