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Azimut backs Young Group with a €22.5 million investment

GA
Giuseppe Avolio

5 min

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Young Group has completed a major €22.5 million capital increase led by the Azimut Group: a historic moment for Young Platform

Azimut, a group listed on the Milan Stock Exchange and a leader in public and private investment management and corporate financial services, has decided to back Young Group—the holding company that unites Young Platform and Fleap—with strong conviction. This is a fundamental moment in our history and for the future of innovation in Italy.

Young Group: crypto, digital banking, and real-world asset tokenisation

Those who have followed us from the very beginning know well that Young Platform and its ecosystem were born out of a very clear desire: democratise and simplify access to the world of crypto-assets.

This mission took shape from the vision of a group of students from the Polytechnic University of Turin who, driven by a passion for innovation and technology, decided to turn this idea into reality.

Today, nearly ten years later, Young Platform represents a safe, reliable, and transparent route to the world of crypto-assets for hundreds of thousands of investors, both in Italy and abroad. All of this is further strengthened by the recent acquisition of the MiCA authorisation, a seal of guarantee issued by Italian and European regulators, officially certifying our platform’s total compliance with current regulations.

Over time, however, we wanted to widen our scope, focusing also on a blockchain-related trend destined to revolutionise the global financial system: the tokenisation of real-world assets (RWA, Real World Assets). How? By integrating Fleap into our ecosystem, the first Italian company to obtain authorisation from CONSOB (the Italian National Commission for Companies and the Stock Exchange) for the digitalisation and tokenisation of financial instruments such as shares, bonds, and debt securities.

It is for these reasons that Young Group was born—a holding company based in Turin, created specifically to bring these two souls under one roof and, ultimately, build an increasingly complete, cross-sectional, and efficient infrastructure.

Azimut supports Young Group with a €22.5 million investment

The Azimut Group believes in the future of this project and has demonstrated this by leading a €22.5 million investment in Young Group as the lead investor. This is because, as highlighted by CEO Giorgio Medda, the Azimut Group’s strategy “has long been looking closely at the evolution of financial markets and the role of digital assets and blockchain technologies” and Young Group, in this sense, “is a solid business project, fast-growing, and distinguished by significant technological expertise and a strong focus on security and regulatory compliance.”

But, to fully grasp the scope of this event, it is helpful to understand who Azimut is: we are talking about an independent, global group, a leader in asset management across public and private markets, wealth management, and investment banking. It is a company listed on the Milan Stock Exchange, present in as many as 20 countries worldwide, and backed by a network of around 2,000 professionals, including fund managers and financial advisors.

What does this capital increase mean for Young Platform?

Andrea Ferrero, our Co-CEO and co-founder, answered this question very clearly: “The investment marks a new phase in Young Group’s growth path and strengthens our ability to execute a vision we have pursued since our inception: build a financial infrastructure where crypto-assets, banking services, and tokenised assets coexist in a single, simple, regulated, and accessible experience.”

In this new chapter that is about to open, we would like to make one thing clear: our identity is and will always remain community-focused—on those who have never stopped believing in Young Platform.

The beating heart that binds our supporters together is Young (YNG), the utility token required to make the most of the platform’s features, designed to intimately reflect the growth and performance of the entire ecosystem. In other words: the more Young Group expands and strengthens, the more solid the foundations on which the YNG token rests become.

Fasten your seatbelts: a new adventure begins

To conclude, with this €22.5 million capital increase, Young Group enters a new era: the continued support of institutional partners of Azimut’s caliber allows us to raise standards and accelerate development, enhancing the ecosystem through three fundamental pillars:

  • Crypto: with an increasingly efficient Young Platform and the Young (YNG) token at the core of the project;
  • Digital Banking: through the Young payment Account and Card;
  • Real World Assets: thanks to the digitalisation and tokenisation infrastructures offered by Fleap.

We have dreamed big since day one, and today we have the tools, the capital, the licenses, and, most importantly, the right community to drive our goals forward. We are ready to begin a new phase of our history—are you with us?

In the italian press

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