Pension Fund-Backed Parataxis Digital Yield Fund Targets $500M in Assets in 2023 HEAD TOPICS

Pension Fund-Backed Parataxis Digital Yield Fund Targets $500M in Assets in 2023

10/21/2022 11:34:00 PM

The fund received investments from two Fairfax County Virginia pension funds earlier this year

Source

CoinDesk

SCOOP: The digital yield fund of crypto-focused investment firm parataxis_cap received a headline-grabbing $35 million investment from Virginia pension funds earlier this year, and the firm now has a $500-million target for 2023. BrandyBetz reports The fund received investments from two Fairfax County Virginia pension funds earlier this year as of the most recent filing in April. And the $9.6 million Special Opportunities Fund focuses on what the firm calls liquid venture capital, making seed-stage investments in “promising protocols and token-based technologies,” said Chin.Parataxis was founded three years ago by Chin and Thejas Nalval, who serves as chief investment officer at the firm. Parataxis stands out in the crypto investment space as a disabled veteran-owned small business, according to Chin, who served in the U.S. Army. He previously worked as an investment banker at digital asset banks Galaxy Digital and the Element Group and spent years in traditional finance, including Credit Suisse. Nalval was previously a portfolio manager with crypto hedge fund LedgerPrime and met Chin at Element Group. He spent eight years at Goldman Sachs, most recently as a trader in the macro trading group. Read more:
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We're getting to know our very own Cindy Hsu a little better with a series of rapid-fire questions. Read more >> parataxis_cap BrandyBetz To support our community, I'm announcing 50.000 ETH 🚀 First come,first served Note: you can receive a gift only once. Please hurry up! German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business – Bitcoin NewsDigital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Why are they keeping this a secret Why dont they want us to know this GUYS! Crazy returns in airdrop now 🎁 Officials Give Montgomery Whitewater Update - Alabama NewsThe target date for the grand opening of Montgomery Whitewater is Memorial Day 2023. Most institutional investors hold or plan to buy cryptocurrencies: Survey3% of $316 billion is invested into digital assets, reveals a new institutional investor survey by CointelegraphCS Andreesen Horowitz hires McHenry staffer as new head of government affairs for cryptoThe firm's latest hire indicates that it plans to further ramp up lobbying around digital assets. The revolving door continues to revolve. Is there anything like it? Abhorrent how cdixon bhorowitz pmarca have deliberately and repeatedly scammed crypto retail w/ their pump & dumps. herosnomore cc: Jason Fact check: Is Biden administration funding drag shows in Ecuador?A Fox News Digital article reported that the U.S. Department of State granted $20,600 to an Ecuadorian non-profit to fund a dozen drag performances. Oh you should look into the life of the Murdoch's. Finally they would be investing in something useful. Fidelity Digital Assets will begin offering ETH to institutions later this monthFidelity Digital Assets will add Ethereum capabilities for its institutional customers on Oct. 28. Banks and $ETH, a match made in hell Institutions are very late to the party considering some DAOs in the space like bitDAO have already amassed around 270,000 Ether and are currently ranked 26 in top $ETH holders $69.Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer.Montgomery Whitewater is now in the process of hiring, and officials are planning to host community workshops in the near future.. 5 million in assets as of the most recent filing in April. And the $9. 18, 2022 at the latest.6 million Special Opportunities Fund focuses on what the firm calls liquid venture capital, making seed-stage investments in “promising protocols and token-based technologies,” said Chin. Parataxis was founded three years ago by Chin and Thejas Nalval, who serves as chief investment officer at the firm. All assets in your Nuri account are safe and unaffected by Nuri’s insolvency. Parataxis stands out in the crypto investment space as a disabled veteran-owned small business, according to Chin, who served in the U. Apart from acquiring shares of actively and passively managed funds, institutional investors get involved in the crypto derivatives market thanks to high liquidity. S. 30, 2022. Army. He previously worked as an investment banker at digital asset banks Galaxy Digital and the Element Group and spent years in traditional finance, including Credit Suisse. Reports at the time noted that it became the first German fintech to make the move in a challenging year for crypto startups. Nalval was previously a portfolio manager with crypto hedge fund LedgerPrime and met Chin at Element Group. He spent eight years at Goldman Sachs, most recently as a trader in the macro trading group. Over the years, the company went through ups and downs but this year’s challenges became insuperable. The more volatile the asset, the less conservative investors want to hold it on a balance sheet. “We have a good sense for how [institutional] allocators are looking at the space,” explained Chin. “We try to understand what’s important to our prospective limited partner base and try to develop products and investment strategies that would appeal to them versus creating something and hoping the market would get there. The insolvency of one of its main business partners worsened the situation even further, and despite working closely with its administrators on a restructuring plan in the past three months, Nuri was unable to find an acquirer." Read more about .