Billionaire Alan Howard Invests in Crypto Startup Copper | Crypto Briefing

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Alan Howard, the billionaire co-founder of the Brevan Howard hedge fund, has publicly invested in one other two crypto startups: Copper and Kikitrade.

Billionaire Provides to Crypto Growth

British billionaire Alan Howard is doubling down on crypto.

The Brevan Howard co-founder participated in crypto custody agency Copper’s $25 million funding spherical. Based on sources, Howard’s funding amounted to $12.5 million, the Monetary Instances reported. Howard additionally lately put $4 million into the Asian crypto buying and selling app Kikitrade, highlighting his perception in the way forward for the digital belongings area. Talking of the Copper funding, Howard stated:

“I’m delighted to have the chance to help Copper. Their pioneering know-how, notably within the safety and pace of cryptocurrency transactions, is important for the standard world to supply crypto merchandise to their shoppers.”

Primarily based out of London, Copper lately closed a $50 million funding spherical led by Daybreak Capital and Goal World. It has a product known as ClearLoop that connects cryptocurrency exchanges, permitting customers to settle trades offline. Kikitrade is much less established, however its web site signifies that it’s aiming to be a “pleasant gateway” to crypto.

Howard has been investing within the digital belongings area for a while. Brevan Howard has backed One River Digital Asset Administration, whereas Howard has funded the likes of CoinShares and Ledn. Moreover, he established a software program firm in 2018 known as Elwood that’s reportedly turned its focus solely onto the crypto area. He additionally backs the Bullish World trade alongside Peter Thiel and Mike Novogratz.

There may be little doubt that the discreet billionaire could be very within the potential of cryptocurrencies and blockchain know-how. Whereas the market is at present cooling down from latest highs, evidently so-called “good cash” is already deploying capital to arrange for the following few years of improvement.

Disclaimer: The writer held ETH and several other different cryptocurrencies on the time of writing.

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