ChainCatcher news, according to Bloomberg, two cryptocurrency hedge fund management companies, JellyC and Trovio Asset Management, announced a merger aimed at attracting institutional investor funds, including pension funds. Australia-based JellyC will become the main shareholder of the merged entity.

ChainCatcher news, according to Coingape, Australian asset management company Trovio Group has launched a $35 million DeFi fund "Trovio DeFi Fund," aimed at providing institutional investors with opportunities to diversify their investments through strategies that generate returns in the DeFi ecosystem. By combining Trovio Group's asset management expertise with the DeFi risk management experience of digital wealth platform Yield App, the fund will utilize DeFi strategies supported by Yield App. (Coingape)