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    Home » Crypto News » $55 Billion Asset Manager Reportedly Plans to Invest in Cryptocurrencies

    $55 Billion Asset Manager Reportedly Plans to Invest in Cryptocurrencies

    Author: George Georgiev

    Last Updated Jul 6, 2021 @ 13:45

    $55 billion asset manager is looking to start investing in cryptocurrency, recent reports outline.

    Despite the most recent downturn in the entire cryptocurrency market, a London-based asset manager is reportedly considering investing in digital assets.

    • According to a report from the Financial Times from today, Marshall Wace, a London-based asset management company with over $55 billion in AUM, considers a foray into the cryptocurrency market.
    • Citing people familiar with the matter, the firm is planning to invest in various fields of the industry, including blockchain technology as well as payment systems for digital currencies and stablecoins.
    • Moreover, FT’s sources also revealed that Marshall Wace is on the look to hire staff in the digital assets field, although the new investment arm is still at an early stage. Yet, the asset manager intends on expanding it and is looking into including other forms of activities such as cryptocurrency trading.
    • Supposedly, the company is looking to adopt an approach where it enters late-stage venture capital rounds in companies that are involved in the infrastructure of the relatively nascent industry.
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    About The Author

    George Georgiev
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    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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