bitcoin
Bitcoin (BTC) $ 23,325.25
ethereum
Ethereum (ETH) $ 1,713.45
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 326.75
xrp
XRP (XRP) $ 0.373975
cardano
Cardano (ADA) $ 0.533209
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 41.99
polkadot
Polkadot (DOT) $ 8.81

Rothschild’s Trust led a funding round for Aspen Digital’s UK expansion

Rothschild’s Trust led a funding round for Aspen Digital’s UK expansion

Aspen Digital aims for EMEA markets, leading the initiative by establishing headquarters both in London and Singapore.


Prominent banker Jacob Rothschild’s investment firm, the 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 raised a total of USD 8.8 M to help the Hong Kong-based company develop an institutional crypto investment platform to target asset managers, institutions, and professional investors. Aspen Digital CEO and co-founder Yang said that the funding would also aid the company to penetrate into the UK market.

The announcement cites other prominent investors including Somerley Capital, Cherubic Ventures, Token Bay Capital, and Thailand’s richest family and owner of Fortune magazine Chatchaval Jiaravanon and Chaval Jiaravanon. Planned to launch before the end of this year, Aspen Digital shared its intent to start a presence in Europe, Asia, and the Middle Eastern markets. The company is planning to start this initiative by establishing their headquarters in London and Singapore.

“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.”

Yang

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

About three months ago, Rothschild’s RIT invested USD 5.3 billion to acquire a stake in the Kraken crypto exchange. This move was made, as Kraken is preparing to “go public through a direct listing in 2022.” Back in December 2020, RIT has also invested a USD 142-million funding round for Paxos, a stable coin issuer partnered with PayPal.

Share:

Leave a Reply

Your email address will not be published.

Recent Highlights

USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 23,325.25
ethereumEthereum (ETH)
$ 1,713.45
tetherTether (USDT)
$ 1.00
xrpXRP (XRP)
$ 0.373975
litecoinLitecoin (LTC)
$ 61.32
dogecoinDogecoin (DOGE)
$ 0.070096
bitcoinBitcoin (BTC)
22.906,14
ethereumEthereum (ETH)
1.682,66
tetherTether (USDT)
0,982248
xrpXRP (XRP)
0,367256
litecoinLitecoin (LTC)
60,21
dogecoinDogecoin (DOGE)
0,068836
bitcoinBitcoin (BTC)
19,315.80
ethereumEthereum (ETH)
1,418.92
tetherTether (USDT)
0.828289
xrpXRP (XRP)
0.309692
litecoinLitecoin (LTC)
50.78
dogecoinDogecoin (DOGE)
0.058047

Recent Highlights