According to reports, London-based hedge fund giant Marshall Wace manages approximately $55 billion in assets and is planning to enter the field of cryptocurrency and blockchain investment.
This hedge fund company is preparing to launch a dedicated investment portfolio for investments in the digital asset industry, the Financial Times Report Tuesday.
The report quoted people familiar with the matter as saying that the new plan will focus on investing in private digital financial companies working in areas such as blockchain technology and digital currency and stablecoin payment systems.
It is believed that Marshall Wace’s new digital financial portfolio will be led by Amit Rajpal, CEO of Marshall Wace Asia and co-founder of Niyogin, an Indian fintech company.
According to the report, the investment portfolio will adopt a similar approach to the newly launched healthcare fund, first investing in the company before listing, and then continuing to hold it after listing. According to reports, people familiar with the matter said that the portfolio will focus on late-stage venture capital and infrastructure around stablecoins.
According to reports, the hedge fund company is still discussing the size of its new investment portfolio with potential investors. The company did not immediately confirm or deny the news to Cointelegraph.
May, Marshall Weiss participate in a Circle raises 440 million US dollars, A major U.S. financial technology company that supports USD Coin (USDC), which is the second largest stablecoin by market capitalization after Tether (UDST).