Metalpha Technology Holding Ltd, a Hong Kong crypto-based wealth management company, has on Thursday announced its Next Generation Fund I, formed in partnership with NextGen Digital Venture Limited, has secured a $5 million anchor investment from the world’s leading crypto company.

This strategic investment comes at a time of high growth for Metalpha’s licensed fund products, serving broad market demand among institutional investors, family offices and high-net-worth individuals for exposure to crypto, Metalpha Technology said in a statement.

According to the statement, the Next Generation Fund I provides a regulated and compliant channel to invest in Grayscale Investments LLC’s products through structured derivatives.

The fund is raising $100 million in capital from global investors and has secured $20 million as of March, 2023.

“We are excited about the future of our licensed funds products,

“We aim to capitalize on the fast growing digital assets industry here in Hong Kong and provide our clients with competitive, complaint products worldwide,” said Adrian Wang, President of Metalpha Technology Holding Ltd.

Jason Huang, Founding Partner of NextGen Digital Venture Limited, said as a company that has weathered multiple Bitcoin cycles, Metalpha expertise is invaluable to their mission and increased their confidence in the GBTC investment.

“At NextGen Digital Venture, our aim is to offer legitimate and secure exposure to the rapidly evolving crypto landscape, providing a trusted bridge between traditional and digital assets for investors,” he said.

Founded in 2015, Metalpha went public on October 20, 2017.

The listed company, through its subsidiaries, is dedicated to providing investment and wealth management services with a full-service, institutional-grade platform.

The firm aims to provide customers with high-quality investment products and trading capabilities and is committed to delivering the best structured derivative products to cryptocurrency market participants.

Founded in 2023, NextGen Digital Venture aims to be the premier platform in Asia for providing traditional finance with exposure to cryptocurrencies.

The firm’s goal is to connect traditional capital with emerging technologies that are on the verge of widespread adoption.

NDV team comprises experienced professionals from leading investment firms, top-tier family offices, and successful tech startups, reflecting their unwavering commitment to delivering reliable and trustworthy financial solutions to clients.

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