Blockchain
IDEG HIRES INDUSTRY VETERANS TO DRIVE INSTITUTIONAL INVESTMENT INTO DIGITAL ASSETS
IDEG Asset Management Limited (IDEG), a professional digital asset manager and member of CTH Group, announced today the appointments of two senior executives to lead the investment process and institutional sales of the firm’s TIMES suite of digital asset products.
Kevin Loo joins IDEG as Head of Investment Insights. He will oversee the firm’s institutional asset management activities, leveraging his deep industry contacts and over two decades of experience across traditional finance and digital assets. During his career, he has held senior investment roles with PIMCO, Fidelity International, and BNP Paribas and has served as a mentor to the Hong Kong Cyberport Incubator Programme.
Gigi Luk joins the firm as Managing Partner, Investment. She will be advising institutional clients including banks, asset managers, wealth managers, family offices, pensions, and sovereigns investing into digital assets and blockchain venture capital, including sustainable crypto mining. She joins from MCP Alternative Asset Partners having previously held senior roles with SPARX, UBS, and Vision Investment Management.
Earlier this month, IDEG announced the appointment of Markus Thielen as Head of Portfolio Management and Deputy CIO, as the firm continues to grow its investment team to support the growing number of funds it is launching on its platform. In April it has already added Ethereum, Luna, and Decentralized Finance (DeFi) funds to its TIMES thematic product shelf.
The TIMES suite of products offers qualifying investors compliant, secure, and professionally managed exposure to digital assets through a mix of thematic strategies with varying risk profiles that spans Tracking, Interest, Mining, Yield Earning, and Structured product strategies.
More about IDEG and T-I-M-E-S
IDEG is a digital asset-only asset management group of companies.
IDEG Asset Management Limited is IDEG Group’s offshore fund manager, a BVI Approved Manager licensed with the British Virgin Islands Financial Services Commission. IDEG Asset Management Limited acts as investment manager to various products in the T-I-M-E-S product shelf.
IDEG has pioneered a multi-strategy thematic product shelf, T-I-M-E-S, allowing accredited and institutional investors to access digital asset market opportunities with varying risk exposure. T-I-M-E-S includes actively managed Tracking products; Interest earning products; Mining backed products; Earnings products with exposure to DeFi strategies; and Structured solutions that are tailored to the needs of the investor.
In 2019, IDEG launched Asia’s first Bitcoin Trust and the Atlas Mining Trust. Unlike passively managed funds and trusts, Asia Bitcoin Trust I is an enhanced Bitcoin trust, which seeks to improve returns by using active management by applying a range of hedging and arbitrage strategies to enhance returns for the investors while effectively controlling the risk of drawdowns. The funds are open only to qualifying investors.
LEGAL DISCLAIMER: No interests in securities are being offered by virtue of this press release. None of these securities have been registered for public offering with any securities regulator in any jurisdiction and are not available for retail or public subscription. Digital assets investing involves significant risk and a potential for total loss of capital. You are advised to seek independent professional financial and legal advice. Regulatory status is not an endorsement by any regulator. No regulator has approved or endorsed this publication.
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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