THELOGICALINDIAN - Alan Howard has been deploying basic into the crypto amplitude at alarming speed
Alan Howard, the billionaire co-founder of the Brevan Howard barrier fund, has about invested in addition two crypto startups: Copper and Kikitrade.
Billionaire Adds to Crypto Boom
British billionaire Alan Howard is acceleration bottomward on crypto.
The Brevan Howard co-founder alternate in crypto aegis close Copper’s $25 actor allotment round. According to sources, Howard’s advance amounted to $12.5 million, the Financial Times reported. Howard additionally afresh put $4 actor into the Asian crypto trading app Kikitrade, highlighting his acceptance in the approaching of the agenda assets space. Speaking of the Copper funding, Howard said:
“I am captivated to accept the befalling to abutment Copper. Their beat technology, decidedly in the aegis and acceleration of cryptocurrency transactions, is capital for the acceptable apple to action crypto articles to their clients.”
Based out of London, Copper afresh bankrupt a $50 actor allotment annular led by Dawn Capital and Target Global. It has a artefact alleged ClearLoop that connects cryptocurrency exchanges, acceptance users to achieve trades offline. Kikitrade is beneath established, but its website indicates that it’s aiming to be a “friendly gateway” to crypto.
Howard has been advance in the agenda assets amplitude for some time. Brevan Howard has backed One River Agenda Asset Management, while Howard has adjourned the brand of CoinShares and Ledn. Furthermore, he accustomed a software aggregation in 2018 alleged Elwood that’s reportedly angry its focus alone assimilate the crypto space. He additionally backs the Bullish Global barter alongside Peter Thiel and Mike Novogratz.
There is little agnosticism that the alert billionaire is actual absorbed in the abeyant of cryptocurrencies and blockchain technology. While the bazaar is currently cooling bottomward from contempo highs, it seems that alleged “smart money” is already deploying basic to adapt for the abutting few years of development.
Disclaimer: The columnist captivated ETH and several added cryptocurrencies at the time of writing.