Rothschild-backed RIT co-leads funding for crypto platform Aspen Digital

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RIT Capital Partners (RCP.L), the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to finance the creation of an online platform that would give wealthy investors a single portal to manage crypto investments.

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration, the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to finance the creation of an online platform that would give wealthy investors a single portal to manage crypto investments.

Other investors include Chatchaval Jiaravanon and Chaval Jiaravanon - members of Thailand's richest family and owners of Fortune magazine. Investor enthusiasm for crypto has increased sharply over the past year, with one study showing seven out of 10 institutional investors expect to invest in or buy digital assets in the future.London-listed RIT has invested in other crypto-related companies recently, such as U.S. crypto exchange Kraken. Jacob Rothschild remains the largest RIT shareholder with a 12.39% stake.

 

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