Metalpha’s Next Generation Fund I Secures a Strategic Investment from Crypto Leader
May 24 2023 - 10:00PM
Metalpha Technology Holding Ltd (NASDAQ: MATH), a global
crypto-based wealth management company, today announced its Next
Generation Fund I (“The Fund”), formed in partnership with NextGen
Digital Venture Limited, has secured a $5 million anchor investment
from the world’s leading crypto company (“The Investor”).
This strategic investment comes at a time of
high growth for Metalpha’s licensed fund products, serving broad
market demand among institutional investors, family offices and
high-net-worth individuals for exposure to crypto.
The Next Generation Fund I provides a regulated
and compliant channel to invest in Grayscale Investments LLC's
products through structured derivatives. The Fund is raising $100
million in capital from global investors and has secured $20
million as of March, 2023.
“We are excited about the future of our licensed
funds products. We aim to capitalize on the fast growing digital
assets industry here in Hong Kong and provide our clients with
competitive, complaint products worldwide,” said Adrian
Wang, President of Metalpha Technology Holding Ltd.
“We extend our gratitude to Metalpha for their
unwavering support and appreciate the recognition from the
Investor. As a company that has weathered multiple Bitcoin cycles,
their expertise is invaluable to our mission and increased our
confidence in the GBTC investment. At NextGen Digital Venture, our
aim is to offer legitimate and secure exposure to the rapidly
evolving crypto landscape, providing a trusted bridge between
traditional and digital assets for investors.” Jason Huang,
Founding Partner of NextGen Digital Venture Limited.
Based in Hong Kong, Metalpha aims to provide
customers with high-quality investment products and trading
capabilities and is committed to delivering the best structured
derivative products to cryptocurrency market participants.
About Metalpha Technology Holding LimitedFounded
in 2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went
public on October 20, 2017. The listed Company, through its
subsidiaries, is dedicated to providing investment and wealth
management services with a full-service, institutional-grade
platform. With dedicated blockchain expertise, the Company aims to
become a leader in the field of crypto wealth management services,
bringing robust innovation and transparency to the customers and
businesses it serves.
About NextGen Digital VentureFounded in 2023,
NextGen Digital Venture aims to be the premier platform in Asia for
providing traditional finance with exposure to cryptocurrencies.
NDV’s goal is to connect traditional capital with emerging
technologies that are on the verge of widespread adoption. NDV team
comprises experienced professionals from leading investment firms,
top-tier family offices, and successful tech startups, reflecting
our unwavering commitment to delivering reliable and trustworthy
financial solutions to clients.
ContactYiwei Wanginfo@metalpha.finance
Metalpha Technology (NASDAQ:MATH)
Historical Stock Chart
From Jul 2024 to Aug 2024
Metalpha Technology (NASDAQ:MATH)
Historical Stock Chart
From Aug 2023 to Aug 2024