Rothschild’s trust led funding round for Aspen Digital’s London expansion

Aspen Digital aims for the Europe, Asia and Middle Eastern markets, leading the initiative by establishing headquarters in London and Singapore.

722 Total views

5 Total shares

Rothschild’s trust led funding round for Aspen Digital's London expansion

Prominent British banker Jacob Rothschild’s investment firm Rothschild Investment Trust (RIT) Capital Partners partnered with New York-based Liberty City Ventures to lead pre-A funding for Aspen Digital, a crypto asset investment platform.

According to the official announcement, the funding round ended up raising $8.8 million to help the Hong Kong-based company develop an institutional crypto investment platform targeted at asset managers, institutions and professional investors. Aspen Digital CEO and co-founder Yang He said that the funding would also help the company penetrate into the London market.

The announcement states other prominent investors include Somerley Capital, Cherubic Ventures, Token Bay Capital, and Thailand’s richest family and owner of Fortune magazine, Chatchaval Jiaravanon and Chaval Jiaravanon. With the platform’s launch before the end of this year, Aspen Digital has shared intent to target budding Europe, Asia and the Middle Eastern markets. The company is currently planning to lead this initiative by establishing headquarters in London and Singapore.

Citing the rising interest for a single portal to manage all crypto holdings, Yang He said:

“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.”

Adding to its existing services such as client portfolio reporting, risk management, market insights, and custody solutions, Aspen’s new platform aspires to centralize prominent crypto offerings from market leaders including Celsius Network, Hex Trust and FTX.

Along similar lines, Cointelegraph previously reported on a survey highlighting investors’ interest in buying more crypto assets. Based on the information collected across a small group of 50 wealth managers and 50 institutional investors, 40% shared their intention to “dramatically increase their holdings.” However, the London-based surveyor Nickel Digital Asset Management highlighted that “many (investors) have just been testing the market to see how it works.”

Related: Thailand’s XSpring Capital raises $225M to build integrated financial marketplace

Just three months ago, Rothschild’s RIT invested $5.3-billion to acquire a stake in the Kraken crypto exchange. Based on Cointelegraph’s report, the move was made just as Kraken prepares to “go public through a direct listing in 2022.”

Back in December 2020, RIT was also involved in a $142M funding round for Paxos, a stable coin issuer partnered with PayPal.

Read More

Spread the love
Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

Latest articles

What We Are Reading Today: No Property in Man...

Author: article author: Arab NewsSun, 2022-01-23 23:37 Americans revere the constitution even as they argue fiercely over its original toleration of racial slavery. Some historians have charged that slaveholders actually enshrined human bondage at the nation’s founding. Sean Wilentz shares the dismay but sees the constitution and slavery differently...

OCTA lowers Metro Covid-19 risk level

Updated at 12:18 amTHE risk status of the National Capital Region or Metro Manila has been downgraded from severe to very high, as figures used to monitor the Covid-19 situation continued to improve.In a tweet on Sunday, OCTA Research Senior Fellow Dr. Guido David said the region notched a -42 percent growth rate with a…

Covax hopes to break pandemic this year

Updated at 12:17 am GENEVA: Covax aims to break the Covid-19 pandemic in 2022 by ensuring a steady supply of vaccines at last for the world's poorest countries — and swiftly getting them into arms.The global scheme, aimed at procuring donor-funded jabs for the 91 weakest economies...

Magsayo captures WBC featherweight crown

Updated at 12:16 amFILIPINO boxer Mark "Magnifico" Magsayo defeated defending champion American Gary Russell Jr. via majority decision to become the new World Boxing Council (WBC) featherweight titlist.The bout was held at the Borgata Event Center in Atlantic City, New Jersey on Sunday (Philippine time).One judge scored...

Similar articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe to our newsletter

Spread the love