Metalpha’s Next Generation Fund I Gains Anchor Investment From Crypto Leader
KUALA LUMPUR, May 25 (Bernama) – Metalpha Technology Holding Ltd, a global crypto-based wealth management company, announced its Next Generation Fund I (The Fund), formed in partnership with NextGen Digital Venture Limited, has secured a US$5 million anchor investment from the world’s leading crypto company (The Investor). (US$1=RM4.60)
“We are excited about the future of our licensed funds products. We aim to capitalise on the fast growing digital assets industry here in Hong Kong and provide our clients with competitive, compliant products worldwide,” said Metalpha President, Adrian Wang in a statement.
Meanwhile, NextGen Digital Venture Limited Founding Partner, Jason Huang said: “We extend our gratitude to Metalpha for their unwavering support and appreciate the recognition from 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 Fund provides a regulated and compliant channel to invest in Grayscale Investments LLC's products through structured derivatives. The Fund is raising US$100 million in capital from global investors and has secured US$20 million as of March 2023.
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.
-- BERNAMA
