Hilbert Group AB, a Swedish investment firm, has acquired Enigma Nordic AB for $25 million, a transaction completed on December 19, 2025. The acquisition involves newly issued Hilbert shares and performance-based earn-outs. This strategic move is designed to enhance Hilbert's crypto trading strategies by leveraging Enigma's high-frequency technology. The acquisition is expected to significantly expand Hilbert's systematic crypto product offerings and institutional trading capabilities. This development has been highlighted by crypto news outlets as a significant advancement in the cryptocurrency trading sector.