London-based hedge fund Marshall Wace is planning to make its debut in the crypto space by investing in blockchain technology, payment systems for digital currencies, and stablecoins. Marshall Wace is one of the world’s largest hedge funds, with $55 billion in assets under management (AUM).
As Marshall Wace moves towards launching its first crypto portfolio, the hedge fund is considering investments in private digital finance companies that are at late stages in their development. Currently, there is no information from the hedge fund regarding the size of its portfolio or if it has onboarded any investor.
Before now, Marshall Wace had invested in the Circle, the peer-to-peer payments technology company behind the USD Coin stablecoin. Hence, the company may be focusing on stablecoin.
Marshall Wace’s move towards the crypto market came as fund managers and institutional investors are seeing potential in the market. Since the beginning of the year, the crypto market has seen significant expansion with the influx of investors and fund managers.
A new survey showed that hedge funds are planning to invest big in crypto. The survey focused on 100 hedge fund chief financial officers who said that 7.2% of their entire assets would be committed into the crypto market by 2026.
Image Credits: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
