Nuls Receives Investment From Ulysses Capital In A Strategic Partnership
Crypto firms often receive investments from other crypto firms and some fintech or crypto hedge funds but it looks like cryptos are nearer of breaking into the mainstream market now as Nuls has recently received investment from Ulysses Capital, a diversified investment firm that has a total of over $1 billion USD in capital under its management.
The hedge fund company has decided to invest an undisclosed amount of money in the crypto firm, which marks the first platform coin investment for this important US-based hedge fund. This was made after the company decided to establish a crypto fund with the goal of investing in crypto and blockchain companies.
A recent blog post made by the hedge fund has explained that they decide to invest in the company because of its development capability and the quaity of its product.
At the moment, Ulysses Capital manages a total of $1.5 billion USD in a long-short strategy. The portfolio of the company is mostly made up of bonds, which make up to 70% of the money and 30% in stocks.
While the firm has only recently decided to enter the crypto market, reports indicate that the team is only beginning to get an interest in this market and that the hedge fund will increase its investment over time.
Joon Lee, acting as the fund manager in charge of Ulysses Capital’s new Crypto Fund, has affirmed that the company has valued the technical team of NULS and the ability of the platform to launch its mainnet. Because of this, they deem this relationship to be a win-win situation in which each company will help the other to get more opportunities.
NULS To Secure More Investments Soon
After this investment, NULS has publicly affirmed that the company is interested in institutional investors and that it will actively seek new investors and further cooperation from institutional investors that can help the company to offer better services and to improve its value for the customers.
The COO of NULS, ISaac Kim, has affirmed that he is pleased to see that,
“The firm has been selected as the first crypto company by a large and traditional hedge fund in America. With the investment, NULS will continue to collaborate to create better products and other private equity funds and companies that seek the services of the company can also invest in it.”
NULS has finished its final statement by affirming that people should keep their eyes on the company for the days ahead.