Digital Asset Management Company Metalpha Plans to Raise $100 Million Crypto Fund

On April 12, TuoniaoX.com reported that Hong Kong-based digital asset management company Metalpha plans to raise a $100 million fund to provide Chinese crypto investors with a regulated participation channel. Metalpha President Adrian Wang said they have raised $20 million for their new fund since March. Metalpha is backed by Singapore-based Antalpha, which has been working with Chinese Bitcoin mining company Bitmain to provide low-interest loans to cryptocurrency miners.