Marshall Wace Hedge Fund Firm Eyes Investment in Crypto

Marshall Wace Hedge Fund Firm Eyes Investment in Crypto

Marshall Wace has been said to be talking about more investment opportunities with potential clients.

Marshall Wace, the firm based in London that manages assets worth about $55 billion is said to be creating another investment option targeted at crypto and blockchain enthusiasts.

According to the Financial Times of Tuesday, the firm has got the interest of crypto investors at heart such that a new portfolio is now being considered specifically for them.

While referring to some people whose names were not called, the Financial Times said that some digital finance companies have been brought into the picture to serve as investment grounds. The companies of interest are those that specialize in blockchain technology as well as those that facilitate payments in stablecoins and digital currencies.

The person to head the new unit is most likely Amit Rajpal who acts as the firm’s CEO in Asia. Besides, he is one of those that established Niyogin in India.

Again in the report, it was said that the new offering will first go private after which it will invite members of the public to obtain their shares if interested. Experts on the matter are of the opinion that the new package will target the late stage of venture capital funding and the physical features that have sustained stablecoins.

Marshall Wace is yet to come up with a full description of the extent the package will cover but it will soon decide this after the meeting with the relevant stakeholders.

Two months ago, Marshall Wace took part in realizing $440 million for Circle. Circle is based in the US, and is recognized all the time for creating the USDC stable coin, which only stands behind USD Tether among all the other stablecoins.

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