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Laxman Pai, Opalesque Asia: Morgan Creek Digital Assets (MCDA) has made a major new investment in another crypto-related firm. The hedge fund is committing to a new fund launched by Ikigai Asset Management (IAM).
MCDA, founded by Mark Yusko, Jason A. Williams, and Anthony Pompliano, said in a press release that it will be the lead anchor investor in IAM's flagship fund focused on executing systematic and fundamental liquid hedge fund strategies as well as opportunistic venture-stage crypto asset investments.
Ikigai is a crypto asset management firm launched in December 2018 by former Point72 Portfolio Manager Travis Kling and partners Timothy Lewis, and Anthony Emtman.
MCDA, the global asset manager providing access to blockchain technology and digital assets for institutional clients and wealthy family offices, raised $40m and is the only blockchain venture fund to-date to have publicly received investments from public pension funds.
Alongside Ikigai, Morgan Creek Digital has previously made investments in Coinbase, Bakkt, and Harbor, among others.
Morgan Creek Digital Partner Anthony Pompliano stated, "Ikigai has built an impressive platform for understanding the evolution of, and investing in, crypto assets. We believe they are well-positioned to capture the outstanding returns this asset class will bring in the years to come."
Ikigai Chief Investment Officer Travis Kling said, "DLT and crypto assets are fundamentally changing our world. W...................... To view our full article Click here
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