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Bloomberg reported on July 17 that even the most traditional financial investment predators cannot avoid interest in the DeFi field. According to people familiar with the matter, the well-known Point 72 and Quantum Fund have embarked on a package of investment plans in the field of encrypted digital currencies.Earlier, it was reported that Point 72 and Quantum Fund had approved traders to start establishing Bitcoin positions and sought to establish a cryptocurrency business in response to the strong demand of their private investment sector. As one of the most well-known hedge funds, Dawn Fitzpatrick, CIO of Point72 Asset Management, announced the news to investors at a fund reception on July 16, and said Point 72's business has nothing to do with the short-term price of Bitcoin, but is "an important financial innovation in the new millennium." The full version of his speech is not yet available, but it is known that Point 72 and Quantum Fund have jointly made important investments in the technical field of cryptocurrencies.
Michael Yee, head of macro investment at Soros Fund Management Company, confirmed the news, but did not disclose the specific amount of capital injected and the proportion of shares held by both parties. Michael said that Soros pays more attention to the experimental nature of DeFi technology in the future financial market.
The Rainbow Protocol team is composed of top blockchain technology experts from Ethereum, Compound, Kyber Network, and Polka, led by partners FDawn Fitzpatrick and Dahlia Malkhi. It is reported that Rainbow Protocol aims to establish a cross-chain system, decentralized exchange, and may release a "Soros version" stable currency in the future.
Contact Info:
Name: DeFi technology team Rainbow Protocol
Email: Send Email
Organization: DeFi technology team Rainbow Protocol
Website: https://www.tabpear.com/
Release ID: 89038169
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