• Sat. Jul 13th, 2024

London-based Hedge Fund Giant is Planning to Expand into the Cryptocurrency Space

Hassan Mehmood

ByHassan Mehmood

Jul 10, 2021

The Marshall Wace LLP is considered one of the most successful and reliable hedge funds in the United Kingdom. It was co-founded by Paul Marshall and Ian Wace in 1997. This financial vehicle is also recognized as one of the largest hedge funds in the world. The fund HQ is based in London. At present, it manages $55 billion worth of assets.

A new article published in Financial Times reveals that the hedge fund is thinking about diving into a dedicated crypto venture. It should be noted that crypto-related enterprises have been targeted by politicians and regulatory agencies in the United Kingdom. Therefore, the news of one of the financial moguls starting a new crypto expansion is groundbreaking.

After Salvador decided to recognize Bitcoin as the legal tender, it has become visible that cryptocurrencies are here to stay. At first, the ban of crypto mining firms in China was taken as a threat to the existence of digital markets. However, now the FUD is reversing by treating this exodus as an opportunity.

Investors like Robert Kiyosaki claim that cryptocurrencies are known as a major investment option that is as good as gold and silver commodities. While the rest of London is going through legislative and political dilemmas for trading digital assets, Marshall Wace seems to take a bold move by looking for investing in Bitcoin and other altcoins.

Hedge Fund Giant can also Consider Stablecoin Options

The news article published in Financial Times explains that the investment vehicle seems to take a keen interest in stablecoins. Another preferred blockchain project on the list is the Distributed Ledger trading systems for digital assets. The DLT allows the fintech enterprises to record their transactions in multiple places and update these records in real-time.

Thus far, spokesperson or representatives from the company have not confirmed the news. However, Twitter crypto influencer Anthony Pompliano has also endorsed the news.

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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