August 5, 2021
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, according to Reuters.
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 live later this year.
Aspen Digital aims to provide family offices and other wealth managers with a crypto investment portal which will take care of compliance procedures and bear the counterparty risk. Furthermore, will also have a research arm aggregating news in the sector and market insights, and would present this to clients so they can see what it could mean for their portfolios.
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