Digital asset manager Monochrome valued at $15M following Series A
Samson Mow, Charlie Lee, Wei Zhou and Kain Warwick were the main contributors to the Monochrome private sale, which concluded last week. Australian digital asset manager Monochrome has concluded a $1.8 million Series A fundraiser led by some of crypto’s most influential entrepreneurs, underscoring the growing potential of institutional-grade crypto-asset solutions. The cash injection will be used by Monochrome to develop new products specializing in Bitcoin (BTC) and other digital assets, the company said. The Series A was co-led by Litecoin creator Charlie Lee, Blockstream chief strategy....
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The CEO of Monochrome Asset Management says their license approval represents a significant step forward for both the advice industry and retail investors. Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF). Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as until this point, approved crypto ETFs in Australia only operate under general financial asset authorization and only indirectly hold crypto-assets.....
The digital currency asset manager's new executives bring with them experience at firms such as Goldman Sachs, Bank of America and Ripple Labs.
Asset management firm Arca has announced Wednesday the closure of a $10 million Series A round of funding led by RRE Ventures. Read more: Arca Labs Launches Ethereum-Based SEC-Registered Fund
Arca will use the funding to beef up its infrastructure and expand its crypto asset-class offerings. Arca, an emerging digital-asset manager, has secured $10 million in Series A funding to bootstrap the next phase of its business strategy — one that could bridge the gap between traditional finance and cryptocurrencies. In a Wednesday press release, Arca said the funding round was led by venture capital firm RRE Ventures, with key contributions from Alex Tisch, president of Loews Hotels & Co, and a “coalition of financiers led by Littlebanc Advisors.”Arca sai it will use the funding to....
A long-running backer of the crypto industry, billionaire hedge fund manager Alan Howard recently invested in two digital asset startups. Billionaire hedge fund manager Alan Howard continues backing the cryptocurrency industry with fresh investment in two digital asset startups.The co-founder of major asset manager Brevan Howard led a $25-million extension raise for London-based crypto services firm Copper.co. The company announced Friday that the new investment follows a $50-million Series B funding round led by companies such as Dawn Capital and Target Global.The additional funding will....