Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Cryptocurrency

RIT(Rothschild-backed) co-leads funding for crypto platform Aspen Digital

Synopsis

RIT will lead the $8.8 million fundraising round for Hong Kong-based Aspen Digital, along with Liberty City Ventures, an early venture investor in the blockchain industry, Aspen said in a statement on Wednesday.

LONDON: RIT Capital Partners, the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to finance the creation of an online platform that would give wealthy investors a single portal to manage crypto investments.

RIT will lead the $8.8 million fundraising round for Hong Kong-based Aspen Digital, along with Liberty City Ventures, an early venture investor in the blockchain industry, Aspen said in a statement on Wednesday.

This will fund the launch of the platform and its expansion to London, Yang He, co-founder and chief executive of Aspen Digital, told Reuters.

Other investors include Chatchaval Jiaravanon and Chaval Jiaravanon – members of Thailand’s richest family and owners of Fortune magazine.

Aspen will target family offices and asset managers in Europe, Asia and the Middle East who want to have a single portal from which they can build a diversified crypto portfolio. It expects to go ve later this year.

 ..”To have the oldest wealth management family in the world putting trust in us as a platform solution for the new world of crypto investment is a great validation,” said Yang.

Investor enthusiasm for crypto has increased sharply over the past year, with one study showing seven out of 10 institutional investors expect to invest in or buy digital assets in the future.

London-listed RIT has invested in other crypto-related companies recently, such as U.S. crypto exchange Kraken. Jacob Rothschild remains the largest RIT shareholder with a 12.39% stake.

source of news:economictimes

Featured

Crypto Mining

New York became the first state to impose a temporary moratorium on new cryptocurrency mining permits at fossil fuel plants, in an effort to...

Dogecoin

The FTX implosion continues to wreak havoc in the crypto market leaving most market participants worried about the safety of their investments. When a...

Altcoin

Bulls may exert more pressure in Fantom Market In case sellers gather enough pressure to break down the support level of $18, then, the...

Ripple

Ripple price action has commenced picking up moderate profits above $0.3800. Also, going by market performance if the bulls continue to retain control of...