The company plans to invest in cryptocurrency payment systems and stablecoins
Large British hedge fund Marshall Wace, which manages $ 55 billion in assets, has announced plans to invest in the cryptocurrency sector, writes FT . The company will invest in cryptocurrency payment systems and stablecoins.
According to the publication, Marshall Wace has hired employees to create a special unit to work with the digital asset market. In the future, the fund may start trading cryptocurrency.
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— Pomp 🌪 (@APompliano) July 6, 2021
In early July, it became known that the investment fund of billionaire George Soros Soros Fund Management began trading bitcoin.
Don Fitzpatrick, Investment Director of Soros Fund Management, gave permission to trade bitcoin and other cryptocurrency. The fund also began negotiations to invest in large blockchain based companies.
On July 1, the Latin America fund of Japanese conglomerate SoftBank invested $ 200 million in parent company Mercado Bitcoin, one of the largest cryptocurrency exchanges in South America.
About Marshall Wace
Marshall Wace is a major alternative investing solutions provider.
We work together as a unified team around the world to build long-term relationships with our clients based on trust and honesty. Our company’s culture is one of ongoing innovation and improvement. We have an instinctive desire to do things differently, with creative thinking that allows us to develop distinctive value and maximize client benefits. https://www.mwam.com/
