Hedge fund manager Alan Howard invested in two crypto startups

Billionaire hedge fund manager Alan Howard continues to support the cryptocurrency industry with new investments in two digital asset startups.

The co-founder of major asset management company Brevan Howard led the raising of $25 million in deferred funding for London-based crypto services company Copper.co.the company Announce On Friday, the new investment follows a $50 million Series B financing led by companies such as Dawn Capital and Target Global.

The additional funds will be used to further strengthen Copper’s expertise in enabling traditional financial companies to benefit from blockchain technology and cryptocurrency. The company emphasized that the additional funds indicate that the traditional financial sector is increasingly interested in cryptocurrencies.

After this copper investment, Howard raised another US$12 million for Kikitrade, an Asian crypto investment platform Announce Thursday. The startup intends to channel new funds to expand its business and compliance in Australia, Hong Kong, Taiwan and Southeast Asia.

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Howard has previously invested in major crypto companies such as CoinShares, a European digital asset management company, Block.one, a blockchain and software development company, and Elwood, an institutional crypto trading platform.

Howard also Owns 25% of the shares U.S. hedge fund One River Digital Asset Management purchased $600 million worth of Bitcoin (Bitcoin) And ether (Ethereum) last year.Earlier this year, Howard Lead Komainu, a digital asset custody service provider created by the global bank Nomura Securities in collaboration with crypto wallet companies Ledger and CoinShares, received US$25 million in financing.