22 September 2020

Ex HSBC, Citi and Merrill bankers start crypto fund  

Written By FinTech Alliance

Ex HSBC, Citi and Merrill bankers start crypto fund  

CoinDesk has reported that a cryptocurrency fund is being set up by people with experience from the world’s largest banks.  

In Brief:  

  • Liquibit Capital is a Hong Kong-based fund that has been trading crypto since June.  

  • Co-founder Joseph Chang has worked at all three banks while Co-founder Grahame Webb has worked at HSBC and Citi.  

  • Liquibit Capital is set to manage assets worth $50mn.  

What does this mean?  

Apart from the founders, the rest of the team has experience from Barclays Capital, JPMorgan and Wells Fargo. Liquibit will trade a range of currencies including Bitcoin, Litecoin and Eos, with the founders moving away from traditional currency and recognising the potential of digital alternatives.  

Read more here.   

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