Cardea acquires select assets from NSCG, rebrands as Fourcore Capital
Cardea Corporate Holdings, a wealth management firm headquartered in Atlanta, US, has rebranded as Fourcore Capital after purchasing select technology and financial assets from Nobel Sustainability Capital Group (NSCG).
Cardea to rebrand as Fourcore Capital
The assets secured in the deal include technology licencing and intellectual property (IP) spanning AI, blockchain, tokenisation, and digital wallet capabilities, alongside investment management entities and funds.
As part of the transaction, NSCG, a group of global investors led by Peter Nobel and other members of the Nobel family, has committed up to $25 million as an anchor investment in Fourcore’s upcoming capital raise.
Additionally, Peter Nobel, great-grandson of Alfred Nobel’s brother, Robert, has been appointed chairman of the Fourcore board of directors.
Fourcore says its newly secured assets will enable the company to provide a “comprehensive digital wealth and asset management offering”
Founded in 2018, the company provides a range of offerings such as portfolio management, investment analytics, family office services, and more. It currently boasts around $12.7 billion in assets under management.
According to a company statement, the rebranding to Fourcore is to reflect the “four pillars” of the firm’s approach to providing “AI-enabled, personalised investment strategies and solutions for data analysis and increased asset liquidity”.
Jordan Waring, Fourcore’s Group CEO, says the company is now “strategically positioned” to scale quickly by leveraging its acquisitions and technology to expand its market share.
