LedgerPrime Raises $12 Million for Crypto Quant Buying and selling
LedgerPrime, a digital asset funding agency led by former Wall Road whizzes, has closed on $12 million of institutional capital and secured commitments for one more $eight million.
The proprietary buying and selling agency, which started buying and selling within the spot and derivatives markets for cryptocurrency within the fourth quarter of 2017, is owned by Ledger Holdings Inc., which can be the mum or dad firm of crypto futures platform LedgerX.
“The elevate is reflective of LedgerPrime’s monitor report and success by the 2018 crypto crash, and reveals the chance related to buying and selling cryptocurrency derivatives and the demand for methods that may generate returns in each bear and bull markets,” LedgerPrime chief funding officer Shiliang Tang advised CoinDesk Thursday.
Based mostly in New York, LedgerPrime makes a speciality of quantitative buying and selling methods and is led by Tang, a former proprietary derivatives dealer at international financial institution UBS, and CTO Johannes van Zeijts, a physics Ph.D. and former portfolio supervisor at Quantbot Applied sciences.
Different staff members are former lecturers who’ve used machine studying and algorithmic methods at monetary establishments akin to SAC Capital Advisors and Financial institution of America, LedgerPrime mentioned.
Reflecting the weird intersection of worlds LedgerPrime inhabits, bitcoin core developer Bryan Bishop and former JPMorgan dealmaker James Greenberg are advisors to the agency, based on its web site.
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