22 September 2020

Ex HSBC, Citi and Merrill bankers start crypto fund  

Written By FinTech Alliance in Digital Currency

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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