Alan Howard founder of hedge fund Brevan Howard has led a USD7.5 million Series A funding round in Nested, a social trading platform that enables users to create and invest in “financial NFTs”, according to a report by CoinBase.
Alan Howard founder of hedge fund Brevan Howard has led a USD7.5 million Series A funding round in Nested, a social trading platform that enables users to create and invest in “financial NFTs”, according to a report by CoinBase.
The round also attracted several angels and other investors focused on decentralised finance (DeFi) including Polychain Capital’s Joseph Eagan, and Lily Liu, whose bitcoin startup Earn.com was acquired by Coinbase for over USD100 million in 2018.
Nested allows users to create and trade entire hand-curated crypto portfolios via NestedNFTs – non fungible tokens linked to the underlying assets of the portfolio.
Nested portfolio creators then earn royalties each time another user replicates their portfolio.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More
