Billionaire hedge fund manager Alan Howard continues to support the cryptocurrency industry with new investments in two digital asset startups.
Co-founder of leading asset manager Braven Howard led a $25 million expansion fund for London-based crypto services firm Copper.co. company announced Friday’s new investment follows a $50 million Series B funding round led by companies such as Dawn Capital and Target Global.
Additional funding will be directed to further strengthen Copper’s expertise to enable traditional financial firms to benefit from blockchain technology and cryptocurrencies. The firm stressed that the additional funding reflects a growing interest in crypto from the traditional finance sector.
On the heels of raising our Series B $50m, Alan Howard of Braven Howard has invested $25m in Copper.
This additional funding indicates growing interest in and support from the traditional finance sector in cryptocurrencies.
— Copper (@CopperHQ) June 11, 2021
Copper Investments follows another Howard-backed $12 million fundraising for Asian crypto investment platform Kiktrade announced Thursday. The startup intends to channel the new capital to expand its business and compliance in Australia, Hong Kong, Taiwan and Southeast Asia.
Howard has previously invested in major crypto firms such as European digital asset manager CoinShares, blockchain and software development company Block.one, and institutional crypto trading platform Elwood.
howard too owns 25% stake With One River Digital Asset Management, a United States-based hedge fund that bought $600 million worth of bitcoin (B T c) and ether (ETH) Last year. Earlier this year, Howard led $25 million funding round for Komenu, a digital asset custody services provider created by global bank Nomura in partnership with crypto wallet firms Ledger and CoinShares.