Investors in crypto have endured wild moves in recent months, but this has not fazed asset managers who are preparing to use the blockchain technology behind cryptocurrencies to break funds into bite-sized units, or tokens, to sell to small savers.
Bitcoin fell 7.7 percent in the space of just a few minutes on one day last week, following a 15 percent drop on one day in June as aggressive rate hikes by major central banks and ultra-high inflation prompted investors to ditch high-risk assets.
The sector is also facing other issues, with Celsius this week suing a former investment manager for losing or stealing tens of millions of dollars in assets before the crypto lender went bankrupt last month.
However, private market investment firms Hamilton Lane and Partners Group have tokenised funds in the past year and said they were considering further products.
Mainstream asset manager abrdn hopes to launch a tokenised fund this year, according to a source familiar with the matter, and...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...