Ant Financial Plans to Exit Investment in A&T Capital, Withdrawing from Crypto Space
According to sources, Ant Financial is planning to exit its investment in A&T Capital, which was central to Ant Group's bet on the digital asset space. It remains unclear whether the venture capital firm will continue operations or attract new investors, as the company's website returned timeout errors as of Monday afternoon.
According to sources, Ant Financial is planning to exit its investment in A&T Capital, which was central to Ant Group's bet on the digital asset space. It remains unclear whether the venture capital firm will continue operations or attract new investors, as the company's website returned timeout errors as of Monday afternoon. An Ant Financial spokesperson did not respond to requests for comment.
A&T was established in April 2021 and invested in some of the hottest crypto startups, including digital asset lending platform Matrixport and Ethereum software maker ConsenSys, with Ant Financial being A&T's primary investor. According to PitchBook data, crypto venture investment declined to its lowest level since 2020 in the second quarter, following last year's virtual asset collapse.