Old Street Digital, a UK crypto asset advisor, has announced a $2.8mn raise.
In Brief:
Old Street Digital aims to build a rand of crypto asset funds for institutional investors.
The Seed round was led by Draper Associates.
It also included Plassa Capital.
What does this mean?
Old Street Digital’s aim is to build “research driven portfolios” in the crypto sector for institutional investors. The aim is to offer a “credible product” for investors as demand to add crypto to their portfolio grows. The first fund is set to launch within the coming months.
