Wednesday, April 24, 2024
HomeRecent ArticlesHong Kong based Metalpha Invests in NextGen Digital Venture Limited

Hong Kong based Metalpha Invests in NextGen Digital Venture Limited

Metalpha Technology Holding Limited, a global crypto-based wealth management company, has invested in NextGen Digital Venture Limited strengthening the existing business partnership that provides institutional investors compliant investment channels for exposure to digital assets.

Metalpha Technology Holding Limited, a global crypto-based wealth management company, has invested in NextGen Digital Venture Limited strengthening the existing business partnership that provides institutional investors compliant investment channels for exposure to digital assets.

Read also – Indonesia based Semaai Raises US$4.7 Mn in Pre-Series A Round

In April 2023, Metalpha joined forces with NextGen to launch Next Generation Fund I, a structured investment channel focusing on Grayscale Investments LLC’s suite of products. Since then, the fund has outperformed Bitcoin’s annualized return by more than 35% as of Dec.31, 2023, and consequently gained wide recognition from investors in both traditional finance and digital assets space.

Read also – Sourcefit Raises Investment From 9 Basil, NextGen Ventures, and Rocket Equities

Metalpha provides bespoke hedging solutions and is one of Asia’s largest crypto derivatives solutions providers. The Company works closely with traditional financial institutions including family offices, investment funds, and crypto mining companies. The investment comes at a time when the Company is optimistic about the future performance of the NextGen Fund, and the investment announced today will provide NextGen with additional management support.

Read also – Indonesia based Komunal Secures US$5.5 Mn in Extended Series A Round

“Working with the brilliant team at NextGen has been delightful. The launch of the NextGen Fund marked the first step by both sides to roll out compliant yet rewarding products together. We look forward to building a more robust partnership going forward,” said Adrian Wang, President and Director of Metalpha Technology Holding Ltd.

Read also – TDK Ventures invests in Silicon Box and its revolutionary chiplet technology

“We extend our sincere gratitude to Metalpha for their pivotal partnership, which has been instrumental in meeting the sophisticated demands of institutional cryptocurrency wealth management. Leveraging Hong Kong Type 9 license, NextGen is committed to providing secure and compliant cryptocurrency investment opportunities, with a steadfast focus on achieving alpha returns,” said Jason Huang, Founding Partner of NextGen Digital Venture Limited.

Read also – Thailand-based UniFAHS Raises USD 1.4 Mn Seed Funding

About Metalpha Technology Holding Limited

Founded in 2015, Metalpha Technology Holding Limited went public on October 20, 2017. The listed Company is dedicated to providing investing 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.

Read also – China based Avistone Biotechnology Secures Approximately USD$140 Mn Series B Funding

About NextGen Digital Venture Limited

Founded 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.

Read also – Curebay Raises $7.5 Mn From Elevar Equity

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular