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Digital asset financial services company Tok-Edge will launch a crypto hedge fund and raise $100 million.
ME News message: On April 12 (UTC+8), the digital asset financial services company Tok-Edge announced that it will launch a crypto hedge fund for institutional investors and achieve a first-round fundraising of $100 million by 2026. The new fund’s long-term goal is to build a compliant institutional crypto asset allocation infrastructure, with an initial size of $21 million. Veteran traditional finance investor Marcus Meijer and his investment alliance are the investors in the fund; the latter plans to provide $10 million as a cornerstone investor. (Source: ChainCatcher)