Marshall Wace, a $ 55 billion hedge fund, has decided to keep up with the crypto money industry, The Financial Times reported.
Interest in cryptocurrencies and blockchain technology is causing giant investment companies to turn to cryptocurrencies like Bitcoin (BTC).
The Financial Times stated that the hedge fund plans to invest in DLT, payment systems for cryptocurrencies and stablecoins. The report also stated that the company is recruiting staff to create a team to work with the cryptocurrency industry.
The company generally plans to buy shares from private digital finance firms. Also, the company could potentially start trading cryptocurrencies.
Marshall Wace has not made an official statement confirming this move.