The Jacob Rothschild-founded investment trust RIT Capital Partners has co-led an $8.8 million funding round into Aspen Digital.
- Hong Kong-based Aspen aims to offer digital asset management to institutional and sophisticated investors.
- The platform is designed to centralize the offerings of several crypto service providers, such as cryptocurrency exchange FTX, providing a single portal for investors to trade, automate investments and monitor portfolios.
- The $8.8 million pre-Series A funding was co-led by RIT Capital alongside New York-based technology venture firm Liberty City Ventures, according to an announcement Wednesday.
- Aspen intends to use the money to expand its headcount and establish new offices around the world, starting with a second base in London later this year, followed by one in Singapore.
- RIT Capital Partners, formerly known as the Rothschild Investment Trust, is no stranger to investment in the crypto space, having acquired an interest in exchange Kraken in April.
Disclosure
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.