Blockchain.com to Sunset London-Based Crypto Asset Management Arm
- Subsidiary launched in April 2022 with Altis Partners
- Unit was suspended following deterioration in crypto market
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Blockchain.com said it was suspending operations of its asset management arm 11 months after it first launched, marking another casualty of crypto’s prolonged bear market.
The Cayman-headquartered firm launched its first foray into asset management for institutional clients last year, a week after raising a funding round at a $14 billion valuation.