GMO Financial Holdings Buys 10% of Crypto Hedge Fund AWR Capital for Undisclosed Amount

GMO Financial Holdings has purchased a 10% stake in London-based multistrategy crypto hedge fund AWR Capital. The price paid for the stake was not disclosed. As part of the deal, AWR will become a market maker at one of Japan's largest FX and digital assets exchanges, GMO Coin, a subsidiary of GMO Financial Holdings. GMO Coin ranked ninth on Forbes Digital Assets' list of the world's largest crypto exchanges last year. AWR also appointed former group CEO of crypto market-maker B2C2, Phillip Gillespie, as managing partner to lead business development strategy and scale the fund's operations.

(By Omkar Godbole)

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