$55 billion hedge fund Marshall Wace is reportedly planning its first investments in the crypto market
Marshall Waceis planning its first investments in the cryptocurrency market, the Financial Times reported.
- It is considering building a portfolio of investments in privately owned digital finance companies.
- The launch will be led by Amit Rajpal, CEO of Marshall Wace Asia.
The $55 billion dollar group is reportedly looking to invest in blockchain technology, payments systems, and stablecoins.
It is also exploring to launch a portfolio for privately owned digital finance companies in their late stages, sources told the Financial Times. The launch will be led by Amit Rajpal, CEO of Marshall Wace Asia and co-founder of Indian fintech firm Niyogin. The potential size of the portfolio was not disclosed.
To support the initiative, the hedge fund is aiming to hire more people in its digital assets team, sources told the Financial Times.
The group's foray into the rapidly evolving space is a continuation of mainstream adoption of digital assets as fund managers, banks, and other institutions jump into the crypto market.
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