There seems to be a new trend of experienced finance professionals on Wall Street making the transition over to the cryptocurrency space.
With more big shakeups in the financial markets, some Wall Street vets are moving to the emerging cryptocurrency market.
This announcement was made only a few days. For those of you that don’t know, William Healy is the former managing director of Deutsche Bank.
William Healy will join the company’s West Coast division headquarters as President of the hedge fund.
The appointment takes effect at the end of this month.
Pantera (not the band) Launches 3rd Blockchain VC Fund
Dan Morehead, CEO of Pantera Capital, stated that the company has been able to secure ninety limited partners in February alone.
This signals a huge leap, considering that it took yen years to secure the first ninety investors in the company.
The company – having an asset pool of about $724 million – also announced it will be launching their third blockchain-based venture capital fund.
This new venture fund will focus mainly on machine learning, AI, and peer-to-peer transactions.
The very first fund blockchain-based fund launched by the company has grown by almost seven hundred percent. It was launched in the year 2013 and it focuses on companies like Xapo, Bitstamp, and Ripple, too.
Hunter Horsley, CEO of Bitwise stated that many Wall Street veterans are interested in the emerging cryptocurrency market. They are also very intrigued by the hopes of a new and exciting asset class.
He went on to say that the digital currency space is not just for the younger people but also from people in more conservative financial markets.