NASHVILLE, Tenn., June 30, 2021 /PRNewswire/ — Valkyrie Investments, Inc. (the “Agency”), an rising asset supervisor within the digital and crypto asset house, is worked up to announce it has raised roughly $10 million as a part of a profitable Sequence A spherical, which garnered vital curiosity from all kinds of traders throughout a number of industries and verticals together with skilled sports activities, media, finance, and extra.
This funding spherical additionally noticed participation from Principle Capital Administration, Tron Founder Justin Solar, former Main League pitcher CJ Wilson, XBTO, BTC Media, UTXO Administration, Litecoin founder Charlie Lee, Consolidated Buying and selling, 10X Capital, angel investor Brad Mills, and the distinguished crypto dealer Scott Melker, amongst others.
“We consider crypto and digital property are altering how individuals view, use, and make investments their cash,” mentioned Valkyrie Investments CEO Leah Wald. “Our aim, as a agency, is to assist deliver extra entry to the alternatives they supply to a wider viewers of individuals, and to take action in a managed, research-driven method that in the end supplies best-in-class merchandise to every kind of traders.”
Wald, a World Financial institution veteran, co-founded the corporate together with Guggenheim Companions and Galaxy Digital veteran Steven McClurg, who serves as Valkyrie’s Chief Funding Officer. They’ve assembled a prime tier workforce of execs with a long time of expertise in conventional markets at companies together with UBS, Chicago Board of Commerce (CBOT), the Chicago Mercantile Trade (CME Group), and elsewhere, with the aim of bringing Wall Avenue rigor and compliance requirements to a nascent asset class.
The Agency goals to supply a variety of funding services starting from trusts and individually managed accounts, to a number of alternate traded funds (ETFs) which can be pending approval from the SEC
“Leah and Steven have an incredible imaginative and prescient for a way they need to deliver funding alternatives to market, and I could not be happier to help them on this journey,” mentioned Litecoin founder, Charlie Lee.
A recent study by Gemini, performed in November 2020, revealed that about 20 million adults are more likely to soar into the crypto asset markets over the following 12 months, which might double right now’s present retail investor base; moreover, the survey revealed practically two-thirds of adults within the U.S. are ‘crypto curious,’ a time period used to explain those that don’t but personal crypto however need to study extra and shortly purchase some.
“That is an thrilling time to be within the crypto markets,” mentioned McClurg, including that “demand for our merchandise has been sturdy, and goes to indicate that even with markets having an uneven 12 months, many household workplaces, traders, and others nonetheless appear to consider within the long-term potential of digital property, and are see this as a chance to place themselves for achievement through the subsequent bull cycle.”
Valkyrie presently affords managed merchandise throughout quite a lot of digital property together with Bitcoin, Polkadot, and different digital property about to be introduced.
The funds raised are supposed for use to additional construct the Agency’s presence in Nashville together with hiring further analysis, buying and selling, compliance, advertising, and gross sales employees; develop the agency’s product pipeline, broaden distribution channels, and extra. The Agency additionally plans to develop its presence in Asia, when situations allow.
About Valkyrie Investments
Valkyrie Investments, Inc. is a specialised various asset monetary providers agency on the intersection of conventional finance and the rising cryptocurrency sector whose associates goal to supply asset administration, analysis, and different providers. Headquartered in Nashville, the Agency and its associates goal to create and handle bespoke portfolios and merchandise, together with managing publicity to digital property and different frontier investments. Valkyrie is led by seasoned asset managers who’ve beforehand launched a number of ETFs, publicly traded funds and ETPs, together with bitcoin and altcoin trusts with backgrounds throughout Guggenheim Companions, UBS, Chicago Board of Commerce, Chicago Mercantile Trade, and The World Financial institution.
Previous efficiency just isn’t indicative of future outcomes. There is no such thing as a assure that any particular end result will probably be reached. Funding could also be speculative, illiquid, and there’s a threat of whole loss. This isn’t a proposal to purchase or promote securities.
SOURCE Valkyrie Investments