What has happened
According to a Bloomberg report on Tuesday, Coinbase and Goldman Sachs acquired minority stakes after participating in the $ 41 million Series A funding round that values One River Digital Asset Management at $ 186 million.
Insurance company Liberty Mutual Group Inc. and London-based investment firm Infinity Investment Partners were also part of the financing round.
Howard provided the company with seed funding last year.
Eric Peters, founder and CEO of One River Digital, has stated that the asset management industry will “transition to the tokenized world” where “the opportunity is much greater”.
In an attempt to capitalize on this transition, One River Digital Asset Management currently manages a Bitcoin fund (CRYPTO: BTC) and another Ethereum (CRYPTO: ETH) along with a more recent fund opened by Peters that invests in Solana (CRYPTO: SOL).
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