FT: $50bn hedge fund Marshall Wace invests in the crypto industry

July 8, 2021


$50bn hedge fund Marshall Wace invests in the crypto industry
UK hedge fund Marshall Wace is considering investing in the digital asset industry. The move would be a response to growing demand from large asset managers, the Financial Times reported, citing informed sources.

According to one, a structure with more than $50bn in assets is targeting investments in blockchain solutions, staplecoins and cryptocurrency payment systems. Marshall Wace will allegedly spin off a division with a portfolio of late-stage private companies.

FT sources claim that the hedge fund has recently been looking for digital asset specialists. The company intends to quickly develop a new line of business by mastering various financial products. In particular, Marshall Wace could potentially add cryptocurrency trading.
New trouble for Binance

According to the publication, the digital asset industry-focused unit will be headed by Marshall Wace Asia CEO Amit Rajpal. The entity is also in talks with potential investors - the size of the new fund is unknown.

As the FT reports, Marshall Wace previously participated in a $440m funding round for cryptocurrency company Circle in May.

Anthony Pompliano, co-founder of venture capital firm Morgan Creek Digital, drew attention to the FT publication. Marshall Wace has made a "formal decision" to invest in the cryptocurrency industry, he said.

Marshall Wace, a $55 billion hedge fund, has officially decided to begin investing in the crypto industry. Eventually everyone will have to gain exposure to the industry.

As a reminder, according to a study by fund administrator Intertrust, cryptocurrencies' share of hedge funds' net assets will reach 7.2% by 2026, equivalent to $312bn at the moment.

Where do you stand? New analysis shows

Software Ethereum wallets. Software wallets are simply programs that generate, store, and manage your keys Your options are web wallets, desktop wallets.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}