Digital solutions provider NextGen Digital Venture received funding from cryptocurrency firm Metalpha
The global wealth management firm Metalpha Technology Holding Limited (Metalpha), which is based on cryptocurrencies, has made an investment in NextGen Digital Venture Limited (NextGen). This strengthens the current business partnership, which offers institutional investors compliant investment channels for exposure to digital assets.
In April 2023, Metalpha and NextGen will collaborate to introduce Next Generation Fund I (NextGen Fund), a structured investment channel that will highlight the products offered by Grayscale Investments LLC, according to a statement released by Metalpha on Monday.
Subsequently, the fund garnered widespread recognition from investors in the traditional finance and digital assets spaces after surpassing the annualized return of bitcoin by over 35 percent as of December 31, 2023.
One of the biggest suppliers of cryptocurrency derivatives solutions in Asia, Metalpha offers customized hedging solutions.
The business collaborates closely with family offices, investment funds, and cryptocurrency mining firms, among other conventional financial institutions.
The company is optimistic about the NextGen Fund’s future performance at this point in time, and the investment announced today will give NextGen more management support.
“Working with the brilliant team at NextGen has been delightful. The launch of the NextGen Fund marked the first step by both sides to roll out compliant yet rewarding products together,
“We look forward to building a more robust partnership going forward,” said Adrian Wang, President and Director of Metalpha Technology Holding Ltd.
Metalpha was founded in 2015, and on October 20, 2017, it went public. With a full-service, institutional-grade platform, the listed company is committed to offering investing and wealth management services.
The company wants to lead the crypto wealth management services industry with its committed blockchain expertise, providing strong innovation and transparency to its clients’ and businesses’ needs.
“We extend our sincere gratitude to Metalpha for their pivotal partnership, which has been instrumental in meeting the sophisticated demands of institutional cryptocurrency wealth management,
“Leveraging Hong Kong Type 9 license, NextGen is committed to providing secure and compliant cryptocurrency investment opportunities, with a steadfast focus on achieving alpha returns,” said Jason Huang, Founding Partner of NextGen Digital Venture Limited.
