Breaking: $55 Billion London Hedge Fund to Invest in Crypto
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Update time : 2021-07-09 17:45:40
A London Hedge Fund with $55 billion in assets under management has become the latest institution to enter the crypto market, reported Financial Times. The hedge fund is looking to invest in blockchain technology and payment systems for cryptocurrencies as well as stablecoins.
Marshall Wace, the London-based institutional investment firm is reportedly looking to launch a private portfolio that will invest in digital finance companies. Wace might be venturing into the crypto ecosystem now, but the investment firm had already invested in Circle, the US financial technology firm behind the stablecoin USD Coin.
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