Cardea has acquired certain technology and financial assets from Nobel Sustainability Capital Group (NSCG), a global investor consortium led by Peter Nobel and Wu family members.
In line with the deal, Cardea has rebranded itself as Fourcore Capital.
In addition, NSCG has signed a binding agreement to invest up to $25m as an anchor commitment in Fourcore Capital’s proposed capital raise.
Fourcore Capital is expected to become a leader in global asset, wealth and investment management. The company will focus on growth and operational excellence through open architecture and disciplined investment portfolios.
Besides, the firm will develop tailored strategies to meet the ambitions and needs of each of its advisors and clients.
According to Cardea, “Fourcore” reflects the four pillars of its strategic approach, focusing on next-generation data analytics, real-world asset conversion, comprehensive wallet infrastructure, and artificial intelligence (AI)-driven advisory systems.
The approach integrates predictive analytics from diverse data sources, innovations for digitising and tokenising physical assets, secure digital wallet management, and personalised investment recommendations tailored to individual client needs and risk profiles.
Nobel said: “The mission of Nobel Sustainability Capital Group is to promote sustainable economic growth that preserves and ultimately enhances the living systems on the planet, create opportunities for people, and harness human ingenuity in support of a prosperous common future.”
Cardea’s acquired assets encompass technology intellectual property (IP) and licensing, alongside investment management funds and entities.
The IP and licensing cover a range of advanced technologies, including blockchain, AI, digital wallets, and tokenisation. These resources will allow Fourcore Capital to provide an extensive digital wealth and asset management service.
In addition, the investment management funds and entities will immediately boost the company’s assets under management and fee-paying contracts, thus enhancing profitability.
Cardea management board chairman and group CEO Jordan Waring said: “In partnering with Nobel Sustainability Capital Group, Fourcore will serve global investors with leading asset management solutions powered by cutting-edge AI and other emerging technologies.
“Fourcore is not only adapting to the future of finance but actively shaping it. We are strategically positioned to grow rapidly, leveraging our acquisitions and innovative technology to expand our market share.”
Fourcore Capital’s board of directors has received a valuation report from Frost & Sullivan in preparation for the former’s capital raise. The report estimates the company’s enterprise value to exceed $5bn.
