Institutional interest in cryptocurrencies continues to rise amid faltering prices

Institutional interest in cryptocurrencies continues to rise amid faltering prices

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(Kitco News) – Institutional interest in cryptocurrencies continues to rise at an unprecedented pace as some of the world’s largest investment firms delve into funding crypto projects.

Nomura Holdings, one of the largest investment banks in Japan, is the latest company to dive into cryptocurrency with release A new venture capital unit will focus specifically on digital assets.

The new unit is called Laser Venture Capital and will focus on investing in projects within the decentralized finance (DeFi), centralized finance (CeFi), web3, and blockchain infrastructure for the crypto market.

Laser Venture Capital will be the first product to be launched from Nomura’s new digital asset company, called Laser Digital. The bank plans to launch two additional operations related to secondary trading and investor products.

Nomura first revealed its plans to create a Digital Laser in May, saying that the unit will provide institutional clients and investors with products and services related to cryptocurrencies, stablecoins, DeFi, NFTs and other tokens. The bank’s subsidiary, Laser Digital Holdings AG, was founded in Switzerland.

Playing offensively when others are on the defensive

In Hong Kong, C Ventures Billionaire Adrian Cheng It said It plans to raise $200 million in a new fund dedicated to investing in the crypto field.

C Ventures is not new to the crypto scene and has investments in Animoca Brands, RTFKT Studios, Matrixport, among others. The company’s hedge fund strategy primarily focuses on cryptocurrency trading, according to Cheng, and has rejected the methods from funded funds or companies at an initial stage because they have high valuations and limited benefits.

Aside from the new crypto fund, C Ventures is also allocating $300 million for private equity investments and private credit strategies over the next 18 months.

It seems as if C Ventures credits Warren Buffet’s advice to “be afraid when others are greedy and greedy when others are afraid” to enter the market when prices are at their lowest in over a year.

“When people are on the defensive, we are on the offensive,” Bin Cheng said. Such an environment historically “would do the best,” he continued, adding that he sees a rebound after another 6 to 9 months.

According to Cheng, the value of the company’s current crypto investment increased by 40% in the first half of this year after doubling last year.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect the views of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; However, Kitco Metals Inc. cannot. Nor does the author guarantee this accuracy. This article is for informational purposes only. It is not a solicitation to conduct any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. does not accept The author of this article will be liable for losses and/or damages arising from the use of this publication.

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