One River Digital raised $41 million from Goldman Sachs and Coinbase

One River Digital is a hedge fund focused on cryptocurrencies, providing exposure to Bitcoin (Bitcoin) And ether (Ethereum), the first round of financing has been completed after the launch last year.

One River Digital President Sebastian Bea confirmed on Wednesday that the company has raised $41 million in Series A funding from investors including Goldman Sachs and Coinbase Ventures.

Other investors include Liberty Mutual Insurance, a diversified global insurance company in the United States, and Infinity Investment Partners, an alternative investment management company, as One River Digital Announce September 21.

The president of One River Digital stated that the new funds will help the company further increase investment opportunities to support the digital ecosystem.

“We will use these funds to accelerate our scale in investment, distribution and operations. These funds will help us better achieve our goal, which is to help institutions acquire and invest in the future of finance,” Bea said.

As previously reported, Yihe Digital was established in 2020 Written by Eric Peters, founder and CEO of One River Asset Management, the parent company of the startup. The crypto fund is widely known in the cryptocurrency community. At the end of 2020, it has accumulated about 600 million U.S. dollars worth of bitcoin and ether, and has generated huge gains after a large-scale cryptocurrency rebound in early 2021.

One River is backed by billionaire hedge fund manager Alan Howard, who is the co-founder of Brevan Howard, and reportedly acquired a 25% stake in One River Asset Management in October.

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“The experience and expertise of this team, together with our existing investors in Brevan Howard and our academic and regulatory advisory committees, will be of great benefit to One River, as we are committed to becoming a leading institutional investment manager in the field of digital assets, “Peters said.

As mentioned earlier, Yihe Digital Established academic and regulatory advisory bodies The board of directors was held in March 2021 and brought together well-known industry figures such as Jay Clayton, former chairman of the US Securities and Exchange Commission.In May, Yihe Digital Apply for a carbon neutral bitcoin exchange traded fund.