Nasdaq-Listed American Firm Victory Capital plans to enter Crypto market
Victory Capital Management, a US-based investment firm, that manages $157.1 billion in assets has revealed its plans to enter the cryptocurrency market in an official press release. The company has collaborated with Nasdaq and Hashdex, a financial services provider.
In the past four weeks, the cryptocurrency market has encountered significant hurdles, with the global market cap falling by about $1 trillion. However, the recent downturn in the value of digital assets is not deterring institutional investors from adopting cryptocurrency.
Victory Capital intends to offer a private fund for authorized investors based on the Nasdaq Cryptocurrency Index (NCI). Hashdex, on the other hand, will offer trading and asset management services.
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