Cryptocurrency

Hot Development: The Legend of the Hedge Fund Enters the Cryptocurrency Market!

A hedge fund with $55 billion in assets under its management has become the latest institution to enter the cryptocurrency market. The hedge fund wants to invest in blockchain technology and payment systems for cryptocurrencies as well as stablecoins.

Crypto money attack came from Marshall Wace’s hedge fund

London-based institutional investment firm Marshall Wace is reportedly looking to launch a dedicated portfolio to invest in digital finance companies. Wace may be entering the crypto ecosystem now, but Cryptocoin. com

As we reported , the investment company actually invested in Circle, the US-based financial technology firm behind the stablecoin USD Coin (USDC). The hedge fund is in talks with potential investors for its private portfolio and there is no clarity on the portfolio size and release date.

According to the Financial Times, a person familiar with the matter suggested that the focus of investment in the Wace cluster will focus on building stablecoin infrastructure. The new digital asset initiative will be headed by Amit Rajpal, CEO of Marshall Wace. The private portfolio will be quite similar to the health fund investing in healthcare companies.

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