Skip to content

Correction: Hilbert Capital Selected by Stablecoin Issuer Reservoir as Collateral Source

Due to legal setup, the original description of Reservoir as US Stablecoin Issuer has been corrected in the title above.

Hilbert Capital, the asset management division of Nasdaq-listed Hilbert Group AB (NASDAQ ticker: HILB B), has announced today that the asset manager has been tapped by Reservoir Protocol to use a tokenized version of Hilbert Capital’s V1 fund as collateral. Reservoir aims for their stablecoin, rUSD, to have a market cap of at least $500 million by year end. Leading research firm, Bernstein, estimates the stablecoin market to grow to $5 trillion over the next 5 years.

Nick Garcia, CEO and founder of Fortunafi, the platform tokenizing the Hilbert V1 fund commented, “Hilbert boasts an exceptional team with a first-class trading operation and will be instrumental in helping expand Reservoir’s reach. Leveraging the power of blockchain technology, the relentless rise of tokenization and stablecoins, as well as the success of Hilbert's V1 fund, we know this latest integration will be well received."

Hilbert Group CEO, Niclas Sandström: "We consider Reservoir to be one of the best operators in this space and we see a number of synergies which we are looking forward to develop as part of our partnership. This is a win-win in that Hilbert has established a new way of sourcing assets under management where we can grow alongside Reservoir’s rUSD stablecoin. In return, Hilbert is responsible for generating a robust yield for a significant portion of protocol-assets under management. In crypto lingo, this is a DeFi-way of unlocking newfound demand and markets that otherwise wouldn’t have been realized had it not been for the underlying technology powering the Reservoir protocol. This is partly leveraging our crypto native DNA from COIN360.com to become engaged in the ecosystem”.

About Reservoir
Reservoir Protocol was created to offer users the most trusted and scalable decentralized, next-gen stablecoin protocol as part of a broader effort to address the market’s demand for a decentralized, scalable, efficient, and yield-bearing stablecoin. As a permissionless protocol on Ethereum with native integration on top-tier networks, Reservoir offers users globally access to
a next-gen stablecoin, a liquid yielding asset, a term-based yielding asset, and a permissionless lending market. Backed by multiple digital and Real World Assets (RWA), Reservoir provides the most scalable stablecoin through DeFi applications and RWA integrations, offering better and more consistent yields than other stablecoin protocols, irrespective of market conditions.

For additional information on Reservoir one can contact support@reservoir.xyz or visit Reservoir Protocol.

For additional information, please contact:
Niclas Sandström
CEO Hilbert Group AB
Phone: +46 8 502 353 00
Email: ir@hilbert.group

Subscribe to our press releases

Loading...

Latest Press Releases

Kallelse till extra bolagsstämma i Hilbert Group AB

Aktieägarna i Hilbert Group AB (publ), org. nr. 559105-2948 (”Hilbert Group”), kallas härmed till extra bolagsstämma fredagen den 20 december 2024 kl 10:00 på Advokatfirman Nerpins kontor, Birger Jarlsgatan 2, 3 tr i Stockholm.

Notice of extraordinary general meeting in Hilbert Group AB

The shareholders of Hilbert Group AB (publ) reg.no. 559105-2948 (“Hilbert Group”) are hereby summoned to an extraordinary general meeting (“EGM”) to be held on Friday, 20 December 2024 at 10:00 AM in the office of Advokatfirman Nerpin, Birger Jarlsgatan 2, 3rd floor in Stockholm.

HILBERT GROUP PUBLISHES INTERIM REPORT FOR THE THIRD QUARTER 2024

The third quarter 2024 (compared to third quarter 2023) Revenues amounted to KSEK 31,551.7 (KSEK 5,811.2) Operating profit/loss (EBIT) totaled KSEK -12,095.7 (KSEK -6,722.9) Result for the period was KSEK-18,820.5 (KSEK -6,935.6) Cash flow from operating activities amounted to KSEK -11,603.3 (KSEK -5,437.1) Earnings per share before and after dilution amounted to SEK -0.29 (SEK…

Hilbert Group Announces Leadership Transition

Co-Founder Niclas Sandström announces Hilbert Capital CIO and ex Goldman Sachs veteran Barnali Biswal as new CEO for the Group and remains in a strategic and operative role.

Press and PR contacts

Careers

We are looking for new talents. Contact us to find out more.

Subscribe to our newsletter

Access the latest news, insights, images, and videos from Hilbert Group.

Hilbert history

Get to know us!