Crypto Gaming and Earning with Players

G.S. and Coinbase back One River Digital

Argentina, Buenos Aires, Costa Bonita
Published 2 years ago
ID #847
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G.S. and Coinbase back One River Digital
Argentina, Buenos Aires, Costa Bonita,
Published 2 years ago

X-Node Details

Crypto fund management startup One River Digital Asset Management, backed by billionaire hedge fund manager Alan Howard, closed the financing round including backing from investors such as Goldman Sachs Group Inc (NYSE: GS) and Coinbase (NASDAQ: COIN) Global Inc. (NASDAQ: COIN).


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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    X-NODE Location

    Argentina, Buenos Aires, Costa Bonita
    Costa Portena 34