AWR Capital sells 10% stake to GMO Financial Holdings, appoints former B2C2 CEO PhillipGilles13 as managing partner. reports godbole17
GMO Financial Holdings, an investor in crypto and foreign exchange margin trading businesses, bought a 10% stake in AWR Capital, a multistrategy crypto hedge fund, according to a statement shared with CoinDesk on Monday. The price paid by the Japan-based firm wasn't disclosed.
AWR, which is based in London, will become a market maker at one of Japan's largest FX and digital assets exchanges, GMO Coin, a subsidiary of GMO Financial Holdings, AWR said. Market makers are entities tasked with providing liquidity on an exchange by creating buy and sell orders. "Our investment will allow AWR to build out its services and solutions to span multiple asset classes and strategies," Tomitaka Ishimura, COO at GMO Financial Holdings, said in the statement.of the world's largest crypto exchanges, rated according to several criteria, including regulatory compliance, cyber-security provisions and trade fees.
AWR also said it appointed algorithmic trading veteran and former group CEO of crypto market-maker B2C2 Phillip Gillespie as managing partner to lead business development strategy and scale the fund's operations. Gillespie's"systematic trading expertise and extensive industry network will be of immense value to our firm as we build out multi-asset financial services offering," Dave Askey, managing partner and founder of AWR Capital, said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Financial Literacy Month: How to build best foundation for financial well-beingApril is Financial Literacy Month, and now is a great time to examine your spending habits.
Read more »
You could use your employee stock holdings to buy a houseBut, should you?
Read more »
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey – Finance Bitcoin NewsCentral Bank of Russia has added crypto asset holdings of households to its latest survey of consumer finances.
Read more »
Social Security, Medicare face financial riskThe clock is ticking for lawmakers to address Social Security's financial shortfall before Americans begin to see their checks reduced.
Read more »
China's central bank calls for stronger defences against financial crisisChina should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose of financial risks, three officials from the People's Bank of China (PBOC) wrote in China Finance, a publication affiliated to the central bank.
Read more »
Moving beyond financial survival for the single parentPlanning an ideal self and finding advisers and friends who can help is key to a stable future.
Read more »