Cardea reboots to Fourcore with backing from Nobel dynasty members
Cardea, a wealth manager established in 2018, is looking forward to a fresh start – and it’s getting a multimillion-dollar kickstart from a prestigious source.
On Wednesday, the firm announced that it’s rebranding to Fourcore Capital, with a “unique approach to providing AI-enabled, personalized investment strategies and solutions for data analysis and increased asset liquidity.”
To support that transition, it has acquired select technology and financial assets from Nobel Sustainability Capital Group, a consortium led by relatives of the historical icon Peter Nobel and members of the Wu family.
Alongside the transaction, Nobel Sustainability Capital Group committed up to $25 million in funding as part of Fourcore’s planned capital raise.
“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,” Jordan Waring, chairman of the management board and CEO of Fourcore Capital, said in a statement.
“Fourcore is not only adapting to the future of finance but actively shaping it,” Waring said.
Among other assets, Fourcore said it snapped up intellectual property and licensing related to blockchain, digital wallets, and tokenization. Additionally, the deal also strategically brings investment management funds and entities to Fourcore, which are expected to boost its assets under management and revenue generation.
The rebranding to Fourcore Capital reflects the firm’s strategic focus on four key pillars: next-gen data analytics, digitization of assets, secure digital wallets, and AI-driven advisory systems.
“This partnership accelerates our growth path, bringing innovative technologies to empower
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