Hong kong Based Metalpha Collaborates with NextGen Digital Venture Limited to Launch Next Generation Fund
A global crypto-based wealth management company called Metalpha Technology Holding Ltd (NASDAQ: MATH) has announced a collaboration with NextGen Digital Venture Limited to introduce Next Generation Fund I (the Fund), a structured investment channel that focuses on the line of products from Grayscale Investments LLC.
The Fund will invest both directly in Grayscale's investment products and indirectly in those products through structured derivatives, providing institutions, family offices, and high-net-worth individuals with a legal way to obtain exposure to cryptocurrency.
One of the biggest digital currency asset managers in the world, Grayscale provides a variety of products that are governed by the Securities and Exchange Commission (SEC) in the US. The solutions offered by Grayscale give users access to and exposure to cryptocurrencies with high market capitalization and excellent liquidity.
"We are very excited to partner with NextGen Digital Venture Limited on launching the Fund, as we continue to strive for product innovation for our traditional finance clients. Grayscale is one of the largest digital asset fund managers in the world, and we are optimistic about the future growth of Grayscale powered by crypto adoption, said Adrian Wang, President of Metalpha Technology Holding Ltd.
"Despite the fact that the crypto industry is still in a bear market, we believe now is the time to start investing for the future success of crypto. We want to provide compliant access channels to crypto for individuals and institutions and become the most trusted asset manager in this field. We believe working with Metalpha will create more opportunities for institutions/individuals to gain necessary exposure to crypto," said Jason Huang, Founding Partner of NextGen Digital Venture Limited.