Crypto investment platform integrates well-known partners and strives for regional expansion
Crypto investment platform integrates well-known partners and strives for regional expansion
- The latest financing follows a 9 million dollar lead of Serie A in September 2021
- The platform has gained access to a remarkable transaction flow for digital assets, including Animoca Brands,
Aspen Digital, a cryptocurrency investment platform that relies on traditional major investors, has made a number of strategic partnerships to expand its regional presence, hire employees and introduce new business areas.
Since its foundation in January, the Aspen, based in Hong Kong, has brought more than 100 family offices on board and plans to add at least 100 other wealthy families in a relatively short time, most of whom are located in Asia.
The latest fundraising campaign of the startup follows a 9 million dollar-pre-series-a-round in September 2021, which is led by Liberty City Ventures and Rit Capital. His latest capital procurement and new evaluation have not been announced.
The youngest supporters of Aspen include the Singapore Risk capital Society K3 Ventures, Rockpool Capital and the Venture Smart Financial Group via Blackpine.
The company has also set up an internal research and trading team as well as automated, internal, market-neutral arbitrage and defi strategies. Aspen has also introduced crypto returns with solid income and so-called smart beta products.
The limited partners of the platform mainly focus on Asia-while Aspen offers access to US portfolio managers, it has so far been spared due to regulatory concerns about US allocators-but the company is planning to use the funds and resources from its latest partnerships to expand the growing cryptoma markets, dubais and londons.
yang He, co-founder and CEO of Aspen, told Blockworks that the company is planning to put on a series of series in the third quarter or something-with this capital to further expand the team and expand into new markets.
"There are so many traditional finances who enter the room, especially in Asia," he said. "Many of them have concentrated on it [traditional finance], and now they see a lot of people who go to crypto all-in. They don't want to miss this wave."
In view of the regulatory uncertainties, tax questions and other complexities, he predicted a potential future step into the US area of the limited partners as part of the company's “second phase”. In view of the strong appetite of the US institutions on crypto managers-both on the risk capital and on the side of the liquid hedge funds-in Asia that have specialist knowledge in web3 and defi strategies (decentralized finances), it will be essential for Aspen to expand this market. Plus access to the dealflow on site. As a newcomer, Aspen has already given his family offices strong access to private investment opportunities, including Animoca Brands and Dunamu, the parent company of the South Korean crypto exchange upbit.The company often takes on a capital participation in venture deals to demonstrate its skin in the game.
managers pay part of their performance and administrative fees to be listed on the platform, so that the costs are not passed on to investors as with a traditional roof fund model.
"We want to be the partner for these traditional asset managers if they incorporate crypto," he said. "The platform game has been made many times, and there are many platforms ... But again what really matters is the associated expertise."
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