NFT News by Thebittimes.Com

Former LedgerPrime personnel have initiated Split Capital, a hedge fund focusing on long-term investments in liquid digital tokens. The venture was initiated by LedgerPrime alumni Zaheer Ebtikar and Michael Churchouse, along with Nai Boonkongkird. Shiliang Tang, the former chief investment officer at LedgerPrime, will advise the fund. Reported first by Fortune, Split Capital presents a unique approach to its investment strategy. Unlike many venture capital firms active in crypto, which tend to divest quickly once digital asset s become liquid, Split Capital aims to take a longer-term perspective on token investments. This strategy is intended for investors willing to commit to the crypto market over an extended period. It's been a long time coming but I'm thrilled to announce the official launch of Split Capital, a liquid digital asset s fund. Split Capital, as a concept, has been in my mind for years now and it's been a dream to finally see it come to fruition.ht...

Bankrupt cryptocurrency exchange FTX has been given the green light to sell around 32 million shares held in various digital asset trusts as part of its efforts to recover funds. According to a Nov. 29 filing in a Delaware bankruptcy court, crypto exchange FTX has received approval to sell approximately $873 million of trust assets, with the proceeds earmarked for repaying creditors affected by the exchange’s downfall in 2022. “The debtors are authorized, but not directed, to execute sales of the trust asset s, in their reasonable business judgment, in accordance with the following sale procedures,” the filing said. Galaxy, a prominent crypto investment firm, has seen its role expanded in assisting FTX with the asset sales, as per the latest court filings. Earlier this year, FTX had appointed Galaxy to manage its extensive digital asset holdings, a decision that now seems pivotal in the ongoing recovery process. You might also like: FTX token rises sharply...