Miljard’s $ 55 hedge fund, Marshall ways plan to invest in crypto

Marshall Wace, a hedge fund company with $ 55 billion in assets, is preparing to launch portfolio investments in the crypto sector.

London-based hedge fund firm Marshall Wace plans to invest in the crypto sector, the Financial Times reported on Tuesday.
Founded in 1997 by Sir Paul Marshall and Ian Wace, Marshall Wace currently manages $ 55 billion in assets.
The company is launching a digital finance portfolio that will invest in private digital finance companies at a late stage and release detailed information, people familiar with the plan said. It will focus on investing in areas such as Blockchain technology, digital currency payment systems and stable coins. The company pays special attention to infrastructure around stable currencies.
Marshall Wace will now be led by Amit Rajpal, CEO of Marshall Wace Asia with potential investors and co-founder of Indian fintech company Niyogin.

Sources added that Marshall ways was recently looking for an opportunity to hire employees in the crypto sector. In late May, the company participated in a funding round for Circle’s cryptocurrency. As the new company is still in its early stages, publication:

The group plans to quickly expand into a movement that could include other forms of investment, such as potential trading of digital currencies.

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