The Jacob Rothschild-founded investment trust RIT Capital Partners has co-led an $8.8 million funding round into Aspen Digital.
- Hong Kong-based Aspen aims to offer digital asset management to institutional and sophisticated investors.
- The platform is designed to centralize the offerings of several crypto service providers, such as cryptocurrency exchange FTX, providing a single portal for investors to trade, automate investments and monitor portfolios.
- The $8.8 million pre-Series A funding was co-led by RIT Capital alongside New York-based technology venture firm Liberty City Ventures, according to an announcement Wednesday.
- Aspen intends to use the money to expand its headcount and establish new offices around the world, starting with a second base in London later this year, followed by one in Singapore.
- RIT Capital Partners, formerly known as the Rothschild Investment Trust, is no stranger to investment in the crypto space, having acquired an interest in exchange Kraken in April.
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