Marshall Wace is Preparing to Invest in Cryptocurrencies

British hedge fund company Marshall Wace, which has $55 billion in assets under its management, is said to be preparing to invest in the cryptocurrency sector. The London-based company will also create a portfolio that aggregates shares of digital asset companies.

Marshall Wace is Preparing to Invest in Cryptocurrencies

It is stated that at a time when institutional companies are investing more and more digitally, British hedge fund company Marshall Wace is also planning to invest in cryptocurrency and related technologies.

Blockchain and payment technologies investments are coming!

According to the news in the Financial Times; The London-based company wants to invest in areas such as blockchain technology and payment systems for digital currencies and stablecoins. According to the news that FT is based on a person who knows the subject, but whose name has not been disclosed, the company will also issue a portfolio containing shares of digital finance companies that have come to the stage of completing their development processes.

Traditional finance is modernizing.

It is noteworthy that Marshall Wace’s move came at a time when a group of traditional finance companies, including banks, fund managers, and consulting firms, started investing in cryptocurrencies.

Is digital currency trading also coming?

According to the person familiar with the matter, the company has recently started looking for employees for the digital asset sector. It is stated that the company, which has 55 billion dollars of assets under its management, wants to act quickly even though the industry is in its infancy and wants to expand its investments to include digital currency trading.

This move of Marshall Wace is also an indicator of how willing giant companies are to invest in the crypto money sector.

Marshall Wace was also behind the Circle investment

Circle, the company that issues the stablecoin USD Coin (USDC), which is tied to the US Dollar, received an investment of $440 million in a funding round in May. Marshall Wace was behind the investment, which also included giants such as Fidelity Management, FTX, and Digital Currency Group.

SEE ALSO: What Is Fintech? What Benefits Do It Focus On?

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Caroline Tetra

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