LedgerX Crypto Futures Platform’s LedgerPrime Secures $12 Million for Quantitative Trading Strategies
One of the leading digital assets and capital investment firms – LedgerPrime – has managed to finally surpass a $12 million mark of initial institutional capital paired with a secured commitment for an additional $8M.
It is worth noting that this proprietary trading magnate, which is a brainchild of a collaboration between former Wall Street personalities, began trading derivatives meant for cryptocurrency markets sometimes around late 2017.
The mother company – Ledger Holdings Inc – is also the umbrella under which LedgerX (a crypto futures platform) is based.
” This raise is quite reflective of the LedgerPrime's success and track record as far as bracing the 2018 crypto crash goes.And, in fact, it just goes to show the immense opportunity, that is often associated with dabbling in cryptocurrency derivatives and its related components. What's more, the demand for such strategies is known to generate handsome returns in both bull and bear markets.” Shilliang Tang said on Thurday. He is the company's senior-most chief investment officer.
Based in the Big Apple, LedgerPrime has been specializing in crafting quantitative and qualitative trading analysis and strategies for close to 2 years now.
Tang, the leader of the pack, is a former trader who had perfected the art of proprietary derivatives trading at UBS Global Bank. The CTO of the company – one Mr. Johannes Van Zeijts – holds a Ph.D in physics and is also a former manager at once elite Quantbot Technologies.
Other team members at the apex of this company have done their stints at mega financial institutions such as Bank of America and SAC Capital Advisors mainly concentrating on developing financial algorithm strategies and machine learning.