Ripple Vets Raising Money for Crypto Hedge Fund

Ripple Vets Raising Money for Crypto Hedge Fund

Twin filings into the U.S. Securities and Exchange Commission (SEC) dated Jan. 25 and 26 show that co-founders Tim Lewkow and Eli Lang are searching for funds to back Fractal Investments, that invests in crypto-assets, per its official site. The company dates back to the summer and has maintained a profile that is public mostly. And as investors move to invest in the distance, others are still pushing further. As mentioned last week, a group of former Wall Street vets has increased as much as $50 million to make a fund of funds focused on cryptocurrencies.

Two former workers of dispersed ledger startup Ripple are raising money for a cryptocurrency hedge fund, public documents show. The chief in blockchain information, CoinDesk is a different media outlet which strives for the greatest journalistic standards and standards by a stringent set of editorial policies. Have news or a story idea to send our journalists? Get in touch with us at news@coindesk.com. Two vehicles Fractal and Virtual Currency Investment Fund I LP: Private Investment Fund LP, each of which are incorporated in Delaware are detailed by the filings. Neither filings indicate just how much money has been increased for either thing. The advancements perhaps highlight the drive and other matters amidst a period of activity in markets and development around the technology broadly. Like the others, Fractal is looking to invest in the ecosystem of digitized assets. Lang is previously creative director for Ripple, having begun working for the San Francisco-based startup in 2012.   Lewkow functioned for Ripple in December 2013 until June of this past year, most recently working as integration engineering supervisor, according to some LinkedIn account. Stack of coins image via Shutterstock