Hedge fund giant Marshall Wace is reportedly looking to capitalize on the recent surge in cryptocurrencies by investing in blockchain startups. A spokesperson for the hedge fund told the Financial Times that it was “exploring opportunities to invest in digital tokens.”

According to reports, Marshall Wace is one of the world’s largest hedge fund firms, with a vast portfolio of investments in the US and globally. With over $2 billion invested in cryptocurrency, Bloomberg says that the firm is looking to invest in initial coin offerings (ICOs) this year. According to the BBC, Wace said: “There are a lot of interesting projects out there that have a real shot to disrupt something, whether that’s a government, an industry or a service. “We’re looking at those projects.”

In case you missed it, Marshall Wace is said to be launching a fund that will invest in digital currencies, as reported by Bloomberg. One of the world’s largest hedge fund managers, Marshall Wace is the third-largest hedge fund in the world and is listed in the top three in the UK hedge fund league table.

Marshall Wace hedge fund giant to reportedly dive into crypto

Marshall Wace, the London-based hedge fund giant that manages about $55 billion in assets, is reportedly planning to get into cryptocurrency and blockchain investments.

A hedge fund firm is preparing to launch a portfolio dedicated to investments in the digital asset industry, the Financial Times reported Tuesday.

The report, quoting anonymous people familiar with the matter, notes that the new initiative will focus on investments in private digital finance companies working in areas such as blockchain technology and payment systems for digital currencies and stablecoins.

Marshall Wace’s new portfolio in digital finance is expected to be led by Amit Rajpal, CEO of Marshall Wace Asia and co-founder of Indian fintech company Niyogin.

According to the report, the portfolio will take a similar approach to the recently launched healthcare fund, which aims to invest in companies before they go public and hold them after they go public. People familiar with the matter said the portfolio will focus on late-stage venture capital investments and infrastructure around Stablecoin.

Related: Point72, a $22 billion hedge fund, is looking for a leader in the cryptocurrency space.

The hedge fund company is reportedly still in talks with potential investors about the size of the new portfolio. The company did not immediately confirm or deny the news to Cointelegraph.

In May, Marshall Wace participated in a $440 million funding round for Circle, the major US fintech company behind the USD Coin (USDC), which is the most valuable stablecoin after Tether (UDST).A hedge fund manager and the world’s sixth-biggest hedge fund, Marshall Wace, has reportedly entered the blockchain space and has investors to join him.. Read more about marshall wace esg fund and let us know what you think.

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