Huobi Asset Management Raises $50M for Crypto ‘Tracker’ Funds
The four funds will buy bitcoin, ether and equity in crypto or mining firms.
Apollo Global Management will collaborate with Figure on blockchain applications across the investment lifecycle.
The Series B round values the firm at $500 million.
The Hong Kong-based crypto lender says new CFO Edmond Lau will oversee $500 million in assets under management.
Following its $1.2 billion BitGo acquisition, Galaxy is adding a data-focused asset management firm.
The talks are at a high level and informal at this stage, said one of the sources.