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Digital Currency Group unveils wealth management subsidiary

Digital Currency Group (DCG), a cryptocurrency investment firm founded by Barry Silbert in 2015, has officially launched its long-heralded wealth management subsidiary. Named HQ Digital, it will offer private investments, estate planning, risk mitigation and insurance, among other services, according to its website. It will complement DCG’s existing slate of businesses, which includes asset manager Grayscale, trading business Genesis Global and news site CoinDesk.  “You could think of HQ as a re-envisioned multi-family office, but we prefer to call it …

Valkyrie raises $11.15 million in strategic fundraising

Valkyrie Investments has raised $11.15 million in a new strategic funding round. The round saw participation from the likes of BNY Mellon, Wedbush Financial Services, Clearsky, Zilliqa Capital, C-Squared Ventures, Belvedere Strategic Capital and SenaHill Partners, among others.  Valkyrie has launched a number of trusts this year, with multiple products providing exposure to single assets. Other recently launched products include an exchange-traded fund that invests in firms engaged in bitcoin mining. It also surpassed $1 billion in assets under management …

Golf equipment brand Callaway forges relationship with NFT club LinksDAO

Golf brand Callaway is forging a relationship with non-fungible token (NFT) group LinksDAO, and that includes an investment in its ongoing equity round, CoinDesk reports. LinksDAO, a decentralized autonomous organization where owners of LinksDAO NFTs are given membership rights, is looking to own and operate its own golf course. Callaway, a giant in the golf equipment space, is taking notice. The two have closed a “major strategic partnership,” according to a tweet from LinksDAO. That partnership includes an investment in LinksDAO’s …

TaxBit nets strategic investment from Haun Ventures

Crypto tax software provider TaxBit has netted an investment from Haun Ventures. The venture capital firm formed by former federal prosecutor and Andreesen Horowitz general partner Katie Haun is seeking to help develop crypto firms through funding and engagement with policymakers and regulators. News broke that Haun raised $1.5 billion for two crypto-focused VC funds in March of this year. Since then, the funds have invested in non-fungible token platforms and web3 community builders among other projects.   TaxBit is its …

Virginia county looks to crypto yield farming for pension system investments

Fairfax County, Virginia, has already allocated portions of its pension funds to crypto and blockchain investments, but it’s considering wading further into the space with a larger investment in yield farming. In a panel at the Milken Institute Global Conference today, the chief investment officer of the Fairfax County Police Officers Retirement System Katherine Molnar said the system is hoping to fund two new crypto-focused hedge fund managers in the next three weeks. Bloomberg first reported the news. Already, Fairfax …

An overview of crypto investment vehicles

April 21, 2022, 3:40PM EDT • 6 min read Quick Take Sustained interest in crypto from traditional finance industries continues to grow, as can be seen through the total AUM and the number of new fund launches within the last year. The space still remains largely fragmented with various investment products spread out throughout various markets, but mainly concentrated in Europe and North America. Crypto Equity ETF exposure has shown to be an attractive option to various funds that are …

Ethereum Push Notification Service raises $10 million in Series A funding

Ethereum Push Notification Service (EPNS), a decentralized communication layer for the crypto space, has raised $10.1 million in a Series A funding round to expand its Web3 messaging capabilities beyond the Ethereum blockchain. Cryptocurrency infrastructure outfit Jump Crypto led the funding round with participation from Tiger Global, ParaFi, Polygon Studios and Wintermute. Other investors included Sino Global Capital, Harmony Foundation and Zebpay, among others. According to Thursday’s announcement, the EPNS Series A puts the project’s valuation at about $131 million. …

Vast majority of financial advisers discuss crypto with clients, says study

A new study shows that while two-thirds of financial advisers have discussed crypto or digital assets with their clients in the past year, not much action has followed. Only 15% of more than 600 advisers in the study conducted by Coalition Greenwich, a global provider of strategic benchmarking, analytics and insights to the financial services industry, had created a strategy or offered products involving bitcoin or digital assets to retail investors. Behind this reticence were 32% of respondents who said …

Stock trading API startup lemon.markets raises $17 million in seed funding

German startup lemon.markets has raised $17 million in seed funding in a round co-led by Lakestar and Lightspeed Venture Partners. Founded by 21-year-old Max Linden, the startup aims to capitalize on the wealthtech boom by building application programming interfaces (APIs) for tech companies looking to integrate a stock trading feature.  APIs are software bridges that allow businesses to more simply access each others’ systems. Linden says that there is currently no infrastructure that makes European capital markets accessible for developers, making …

One in five Americans has dabbled in cryptocurrency, poll finds

Cryptocurrency has been used, invested in, or traded by one in five Americans, according to a recent poll by NBC News. The poll was conducted between March 18 and 22 and involved 1,000 Americans. Among the key findings: 21% of participants have already gotten involved with crypto in some capacity.  Men aged 18 to 49 were the biggest share of demographic groups, as about half said they had been involved with crypto. They were joined by 42% of people aged …