Marshall Weiss, a London-based hedge fund giant that manages nearly $55 billion in assets, is said to be planning a big jump in crypto and blockchain investments.

As the Financial Times reported on Tuesday, the hedge fund company is preparing to launch its own portfolio aimed at investing in the digital asset industry.

The report cites anonymous individuals familiar with the matter and notes that the new initiative will focus on investing in private digital finance companies working in areas such as blockchain technology, digital currency payment systems, and cryptocurrency.

Marshall Weiss’ new digital financial portfolio is expected to be led by Amit Rajpal, CEO of Marshall Weiss Asia and co-founder of Indian fintech company Newgene.

According to the report, the portfolio will follow a similar approach to the newly created healthcare fund: targeting investments in companies first before listing and then holding them after listing. People familiar with the matter reportedly said that the portfolio will focus on late-stage venture capital investments and infrastructure around stablecoins.

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The hedge fund company is reportedly still discussing the size of the new portfolio with potential investors. The company did not immediately confirm or deny the news to Cointelegraph.

In May, Marshall Weiss participated in a $440 million fundraiser for Circle, the major American financial technology company behind USD Coin (USDC), the second largest cryptocurrency by market capitalization after Tether (UDST).

Source: CoinTelegraph