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According to reports, London-based hedge fund giant Marshall Wace manages approximately $55 billion in assets and is planning to enter the field of cryptocurrency and blockchain investment.
This hedge fund company is preparing to launch a portfolio specifically for investment in the digital asset industry, the Financial Times Report on Tuesday.
The report quoted people familiar with the matter as saying that the new plan will focus on investing in private digital financial companies working in areas such as blockchain technology and digital currency and stablecoin payment systems.
It is believed that Marshall Wace’s new digital financial portfolio will be led by Amit Rajpal, CEO of Marshall Wace Asia and co-founder of Niyogin, an Indian fintech company.
According to the report, the portfolio will adopt a similar approach to the newly launched healthcare fund, with the goal of investing in the company before it goes public, and then continuing to hold it after it goes public. According to reports, people familiar with the matter said that the portfolio will pay special attention to late-stage venture capital and infrastructure surrounding stablecoins.
related: According to reports, the $2.2 billion hedge fund Point72 is looking for a “cryptocurrency leader”
According to reports, the hedge fund company is still discussing the size of its new investment portfolio with potential investors. The company did not immediately confirm or deny the news to Cointelegraph.
May, Marshall Weiss participate in a Circle raises 440 million US dollars, A major U.S. financial technology company that supports USD Coin (USDC), which is the second largest stablecoin by market capitalization after Tether (UDST).
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