Marshall Wace is planning its first investments in the cryptocurrency market, amidst steadily increasing interest in the digital asset space from major financial institutions.
The $55 billion dollar group is reportedly looking to invest in blockchain technology, payments systems, and stablecoins.
It is also exploring to launch a portfolio for privately owned digital finance companies in their late stages. The launch will be led by Amit Rajpal, CEO of Marshall Wace Asia and co-founder of Indian fintech firm Niyogin. The potential size of the portfolio was not disclosed.
To support the initiative, the hedge fund is aiming to hire more people in its digital assets team. The group's foray into the rapidly evolving space is a continuation of mainstream adoption of digital assets as fund managers, banks, and other institutions jump into the crypto market.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
