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$55 Billion Hedge Fund Marshall Wace to Start Investing in Crypto and Stablecoins

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Tue, 07/06/2021 - 12:38
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Yuri Molchan
London-based hedge fund that’s been working since 1997 now intends to make a foray in the cryptocurrency sector
$55 Billion Hedge Fund Marshall Wace to Start Investing in Crypto and Stablecoins
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According to The Financial Times, Marshall Wace, a major hedge fund from London, that manages approximately $55 billion has decided to dip its toes in the cryptocurrency sector.

A growing interest in crypto, blockchain and technologies related to these two are pushing Marshall Wace and other major asset management companies to try their hand at investing in digital assets: Bitcoin, etc.

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Looking into investing in crypto and stablecoins

The Financial Times has reported that the hedge fund plans to make investments into the DLT, payments systems for cryptocurrencies, as well as stablecoins.

The company has recently been hiring staff to make a team to work with the cryptocurrency sector, the article shared.

Overall, the hedge fund intends to buy stakes in private digital finance firms. Besides, the company could potentially start trading cryptocurrencies.

No official comments from Marshall Wace regarding this move have been published yet.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.