Hilbert Group invested $32 million to acquire the high-frequency trading platform Enigma Nordic

According to CoinDesk, Swedish investment company Hilbert Group (HILB), focused on connecting traditional assets and digital assets, has acquired high-frequency trading platform Enigma Nordic for $32 million.

This acquisition will help Hilbert provide systematic cryptocurrency products to institutional investors and plans to integrate Enigma's platform into its hedge fund products. The announcement stated that Enigma's proprietary platform employs data-driven market-neutral strategies to fully exploit real-time price inefficiencies in the global digital asset market.

The company's quantitative strategies have generated exceptional risk-adjusted returns, with a Sharpe ratio exceeding 3—this performance metric is extremely rare in globally scalable market-neutral digital asset strategies. As of 2025, Enigma's trading volume has exceeded 50 billion Swedish kronor (approximately $5.4 billion).