Rothschild-founded RTI Capital invests in crypto platform Aspen Digital

advertisement

Aspen Digital, a crypto investment platform for asset managers, institutions, and other professional investors, has raised $8.8 million in a pre-Series A funding round.

The round was co-led by RIT Capital Partners — a publicly traded investment firm founded by British billionaire banker Jacob Rothschild — and Liberty City Ventures, an investor in crypto firms such as BitGo, Paxos, and ConsenSys.

With fresh capital at hand, Hong Kong-based Aspen Digital plans to expand its team and open new offices in London and Singapore to serve clients in Europe, Middle East, and Southeast Asia.

Founded earlier this year, Aspen Digital provides a single account through which users can gain crypto exposure. It offers services such as trade execution, custody, access to yield-generating products, and portfolio reporting under one roof. Aspen provides these services through crypto firms such as FTX, Celsius Network, and Hex Trust.

Other investors in the funding round included Cherubic Ventures, Token Bay Capital, Somerley Capital, and Chatchaval Jiaravanon & Chaval Jiaravanon, members of Thailand's richest family and owners of Fortune magazine. Aspen was co-incubated by Everest Ventures Group and TT Bond Partners.

RIT Capital Partners also acquired a stake in the crypto exchange Kraken earlier this year. RIT has been listed on the London Stock Exchange since 1988 and has generated a total return of 11.7% per annum for its shareholders, according to its website.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC
More