Aspen Digital, a Hong Kong-based digital asset investment platform tailored for asset managers, institutions and other professional investors, secured $8.8m in pre-A funding.
The round was led by anchor investors RIT Capital Partners, the investment trust founded by Lord (Jacob) Rothschild of the Rothschild banking family, and Liberty City Ventures. Other investors include Cherubic Ventures, Token Bay Capital, Somerley Capital, and Chatchaval Jiaravanon & Chaval Jiaravanon. Aspen Digital is co-incubated by Everest Ventures Group (EVG) and TT Bond Partners (TTB), a group of blockchain experts and finance veterans.
The company intends to use the funds to expand the core team and establish new offices in major financial hubs. In addition to its current Hong Kong office, a second headquarter in London will be added later this year to serve clients in Europe and the Middle East. Aspen Digital also plans to establish a Singapore office to target the Southeast Asia market.
Led by Yang He, co-founder and CEO, Aspen Digital offers a solution for asset managers to invest in digital assets and manage their clients’ portfolios. Through a single account with a simple on-boarding process, the company brings together and centralizes key offerings from dozens of digital assets service providers, such as FTX, Celsius Network, Hex Trust, among others. Through their account, institutional clients can execute trades, enhance yield and automate investment strategies. Aspen Digital also provides client portfolio reporting, risk management, market insights, and custody solutions.