TechFlow News, October 23 — According to Bloomberg, two prominent cryptocurrency hedge fund management firms, JellyC and Trovio Asset Management, have announced a merger aimed at attracting institutional investor capital, including pension funds. Sydney-based JellyC will become the majority shareholder in the combined entity. Michael Prendiville, co-founder of JellyC, said in an interview that the merger will help scale the business, making it easier to access major investors across the Asia-Pacific region, with Australian superannuation funds among the ultimate targets.
To date, Australia’s A$3.9 trillion (US$2.6 trillion) pension industry has been reluctant to allocate funds to digital asset investments. However, Prendiville expects this to change in the coming years as Australia strengthens its cryptocurrency regulations. He stated that the merged firm aims to increase its total assets under management by 150% by mid-2026, reaching A$250 million. Jon Deane, CEO of Trovio, said that Trovio will eventually sell its stake in the merged business, though no timeline was provided.
