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Cowen Investment Arm Raises Over $46M for New Digital Assets Fund
A division of Cowen created in March is managing the fund.
A division of the financial services firm and investment bank Cowen has raised over $46 million for a fund that will apparently make digital-asset-focused investments.
STORY CONTINUES BELOW
- According to a Form D filed with the U.S. Securities and Exchange Commission on Wednesday, Cowen Digital Asset Investment Co. LLC raised precisely $46,015,000 from 80 investors.
- They each put in at least the minimum investment of $10,000 to the pooled investment fund.
- Cowen Digital Asset Investment was incorporated in Delaware on March 23, 2021, according to the state's corporate registry.
- The precise investment strategy of the fund – that is, whether it will directly invest in cryptocurrencies or instead via investment vehicles or industry firms – isn't made clear in the filing.
- Earlier this month, however, Cowen Digital Asset Investment invested $25 million in digital asset infrastructure provider PolySign.
- The deal ushered in a partnership aimed to allow Cowen’s institutional investor clients to "secure, access and leverage" cryptocurrencies and digital assets.
Read more: Fairlead’s Stockton Plans to Add Bitcoin Exposure Only After Key Indicator Turns Higher
Daniel Palmer
Previously one of CoinDesk's longest-tenured contributors, and now one of our news editors, Daniel has authored over 750 stories for the site. When not writing or editing, he likes to make ceramics. Daniel holds small amounts of BTC and ETH (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>).
