$ 55 billion hedge fund firm Marshall Wace plans to invest in crypto sector – Finance Bitcoin News

$ 55 billion hedge fund firm Marshall Wace is reportedly preparing to launch a portfolio that invests in the crypto sector.

  • London-based hedge fund firm Marshall Wace is planning investments in the crypto sector, the Financial Times reported on Tuesday.
  • Marshall Wace was founded in 1997 by Sir Paul Marshall and Ian Wace and currently manages $ 55 billion in assets.
  • The company is launching a digital finance portfolio that will invest in private, late-stage digital finance companies, the publication detailed, citing people familiar with the plan. It will target investments in areas such as blockchain technology, digital currency payment systems and stablecoins. A particular focus of the company is on the stablecoins infrastructure.
  • Marshall Wace is currently speaking to potential investors for the new portfolio, which will be led by Amit Rajpal, CEO of Marshall Wace Asia and co-founder of Indian fintech company Niyogin.

  • Marshall Wace was recently looking for employees in the crypto sector, the sources added. At the end of May, the company took part in a financing round for the crypto company Circle. Given that new business is still in its early stages, the release conveyed:

The group plans to quickly expand it to include other forms of investment, such as possible trading in digital currencies.

What do you think of Marshall Wace’s crypto plans? Let us know in the comment section below.

Tags in this story

Crypto Investing, Crypto Sector, Crypto Trading, Cryptocurrency Portfolios, Cryptocurrency Sector, Hedge Funds, Hedge Fund Portfolio, Marshall Wace, Marshall Wace Bitcoin, Marshall Wace Crypto, Marshall Wace Cryptocurrency

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