- HUB Cyber Security (HUBC, Financial) secures a $25 million annual recurring revenue contract with Kyrrex, starting July 1, 2025.
- The agreement involves providing Perpetual KYC compliance services to 1.2-1.5 million customer entities.
- This contract strengthens HUB's position in the crypto compliance sector with a high-margin revenue stream.
HUB Cyber Security (HUBC) has announced a significant multi-year agreement with Kyrrex, a global crypto ecosystem, and a crypto merchant vendor. The contract, expected to generate approximately $25 million in annual recurring revenue, is set to commence on July 1, 2025. Under this agreement, HUB will deliver its advanced Perpetual KYC (PKYC) solution, providing continuous monitoring, automated risk scoring, and regulatory intelligence services to an estimated 1.2-1.5 million customer entities.
The strategic alliance aims to support a planned merger between Kyrrex and the crypto merchant vendor, positioning HUB as a key player in the growing crypto compliance technology sector. HUB's AI-driven PKYC solution ensures compliance with global standards such as MiCA, FinCEN, and FATF, featuring continuous monitoring, management, and verification of customer identities.
This agreement not only adds a high-margin recurring revenue stream to HUB's portfolio but also enhances the company's long-term growth and profitability objectives. HUB's CEO, Noah Hershcoviz, emphasized the importance of this partnership, positioning HUB as a vital operational partner in the intersection of compliance, cybersecurity, and cryptocurrency infrastructure.
Overall, this contract represents a substantial boost for HUB Cyber Security's financial and strategic positioning, underlining its commitment to innovation in compliance technology and digital asset protection.
