Old Street Digital, an institutional asset manager, has raked in $2.8m in a seed funding investment round.
The round saw participation from Plassa Capital as well as from venture capital and angel investors across Europe, Asia and the US as well as senior executives from the UK Asset Management market.
OSD is building an institutional asset manager bringing the best of active, fundamental research-driven portfolio management to crypto.
OSD CEO Paul Ridley said, “There is enormous opportunity for institutional investors in digital assets but they need a credible product offering from experienced professionals they can trust. We’re building a crypto asset manager to fill this gap with a range of actively-managed funds in an accessible fund structure.”
OSD’s first fund launches this quarter and the company expects to open another in the fourth quarter.
Nic Basson – COO at OSD – added, “In any new and complex asset class, top-tier technology, security and systems are key. Delivering crypto asset exposure in a familiar fund structure is not without its challenges but the platform we are building offers an institutional-grade option for professional investors.”
API-based credit trading automation and execution service Overbond has received an investment from Fitch Ventures.
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