Digital asset investment platform xalts has received a total of $6 million in investment from Citi Ventures and Accel.
Even with the bear market entered, institutional investors continue to invest in the cryptocurrency sector.
Invested by Citi Ventures and Accel, xalts was founded by Ashutosh Goel, who previously served at HSBC and Meta.
According to the statements made by Goel, the purpose of the company is, Innovative investment products for institutional investors to present.
Hong Kong-based xalts plans to develop several asset products for the digital asset market. Among them exchange traded fund There is also to set up.
Citi Ventures invests in xalts for the first time to digital asset manager has invested. According to the statements made by Luis Valdich, one of the executives of Citi Ventures, the company has announced that xalts “supports your vision”.