Hedge Fund Giant, Marshall Wace, Is Now Betting on Crypto with A Special Focus on Stablecoins

London-based hedge fund Marshall Wave is the latest giant to enter the cryptocurrency industry reported FT citing people familiar with the plans.

The investment firm, which manages $55 billion in assets, will target investments in areas including blockchain technology, payments systems for digital currencies, and stablecoins, with the latter being a specific focal point of the firm.

The firm was actually one of the investors who participated in a $440 million fundraising round in late May for Circle, the firm behind the $25.5 billion market cap stablecoin USDC.

The fund is launching a portfolio with a focus on investing late-stage capital in unlisted privately-owned companies in the cryptocurrency space. While just starting, the group plans to expand rapidly, which could include trading crypto-assets and other forms of investment.

To be headed by Amit Rajpal, CEO of Marshall Wace Asia, the hedge fund is currently in talks with investors to raise capital with the size of the launch not yet clear.

Founded by Sir Paul Marshall and Ian Wace, Marshall Wace is best known for running liquid hedge fund strategies betting on stocks.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide