Digital asset holding company COSIMO is raising $25 million in funding, led by Des Mac Intyre, former Bridgewater Associates executive.
7x24h News
Digital asset holding company COSIMO is raising $25 million in funding, led by Des Mac Intyre, former Bridgewater Associates executive.
According to The Block, COSIMO, a digital asset holding company founded in 2014, has announced the completion of a $25 million funding round led by Des Mac Intyre, co-founder of Eolas Capital and former executive at Bridgewater Associates. COSIMO currently manages approximately $21 million in assets, with an investment portfolio comprising 25 projects including Uphold, Sovryn, Hedera, and Black Manta.
Navigating Web3 tides with focused insightsTechFlow news, on December 11, according to The Block, COSIMO, a digital asset holding company founded in 2014, announced it is raising $25 million in funding led by Des Mac Intyre, co-founder of Eolas Capital and former executive at Bridgewater Associates. COSIMO currently manages approximately $21 million in assets, with an investment portfolio comprising 25 projects including Uphold, Sovryn, Hedera, and Black Manta.
The company has officially rebranded as COSIMO digital, integrating its cryptocurrency investment, custody, advisory, and brokerage services. Co-founder Ciaran Hynes stated that the firm is positioning itself to compete with Galaxy Digital, noting a significant increase in institutional investor interest over the past four to five weeks. COSIMO will also launch a new initiative targeting the creator economy. Notably, its hedge fund subsidiary, COSIMO Y, focuses on staking yields from public blockchains such as Avalanche, Cardano, and Celestia, partnering with leading firms including BitGo, Figment, and Foundry.
