Bloomberg: Multiple cryptocurrency companies are transferring cash to asset management firms like Fidelity

2023-03-15 16:29:27

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ChainCatcher news, according to Bloomberg, after the recent collapse of several cryptocurrency-friendly banks in the U.S., an increasing number of crypto asset companies are reaching out to asset management firms like Fidelity Investments to invest their cash in U.S. Treasury bonds and other products.

Justin Bram, co-founder and CEO of the crypto startup Astaria, stated that he was surprised by the number of messages he received after proposing a referral to Fidelity in a private Telegram group chat last week. Bram said: "In the past three days, I have referred about 25 companies and funds." He added that the referred companies include large market makers and venture capital firms in the digital asset space. A representative from Fidelity did not immediately respond to a request for comment. (Source link)

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