private funds
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Crypto asset management company BlockTower Capital secures $940 million in assets through closed banks
It is reported that according to the latest regulatory documents required by the investment consultant, four private funds of BlockTower Capital, a crypto asset management company, use the closed Signature Bank and Silvergate Bank as the asset custodian. The total asset value of these funds is about $940 million. BlockTower Capital used Silvergate and Signature Bank as asset custodians Analysis based on this information:BlockTower Capital, a crypto asset management company has secured $940 million in assets through its four private funds, according to latest regulatory documents. What is more interesting is the choice of closed banks, Signature Bank and Silvergate Bank, as the asset custodian. While most crypto funds entrust the safekeeping of their digital assets to specialized digital custodians, BlockTower has chosen to use closed banks to ensure the security of its clients’ assets. It is believed that closed banks’ security system is a better firewall against a possible hack or any security breach. The success of BlockTower Capital…
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Pantera Capital’s Assets Were Recently Held with Closed Bank
It is reported that according to a regulatory document last month, Pantera Capital, a venture capital and investment giant focusing on cryptocurrency, recently…
