Billionaire hedge fund manager Alan Howard continues to support the cryptocurrency industry with new investments in two digital asset startups.
Co-founder of senior asset manager Brevan Howard led a $ 25 million increase in the fund for London-based crypto services company Copper.co. Company announced On Friday, the new investment follows a $ 50 million Series B funding round led by companies such as Dawn Capital and Target Global.
The additional funding will be aimed at further strengthening Copper’s expertise in enabling traditional financial firms to benefit from blockchain and cryptocurrency technology. The company emphasized that additional funding shows a growing interest in cryptocurrencies from the traditional financial sector.
Alan Howard of Brevan Howard has invested $ 25 million in copper, on the heels.
This additional funding signals growing interest and support from the traditional financial sector in cryptocurrencies.
– Copper (@CopperHQ) June 11, 2021
Copper Investment follows another collection for Asian crypto investment platform Kikitrade supported by Howard supported by $ 12 million announced Thursday. Startup intends to channel new capital to expand its business and compliance in Australia, Hong Kong, Taiwan and Southeast Asia.
Howard has previously invested in large cryptocurrency companies such as European digital asset manager CoinShares, blockchain and Block.one, a software development and institutional cryptocurrency trading platform Elwood.
Howard, too owns 25% stake with One River Digital Asset Management, a US-based hedge fund that purchased USD 600 million bitcoins (BTC) and ether (ETH) last year. Earlier this year, Howard led a $ 25 million funding round for Komain, a digital asset management service provider created by global bank Nomura in collaboration with Ledger and CoinShares in the cryptocurrency field.