Spield Alghorithm, a quantitative trading company, received an investment from BitValue Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its operations and business reach.
Spield Algorithm has developed AI algorithms to enhance the trading capabilities and quantitative analysis capabilities. The core team of the company has managed over $10 billion in hedge funds, possesses extensive experience in asset management and quantitative trading, and has served multiple IPO companies. Currently, Spield manages $3 billion in crypto assets and act as a liquidity provider for some of the top-tier CEXs.
Founded in Toronto, Canada, in 2017, BitValue Capital is dedicated to incubating top-tier blockchain projects globally and serving as a communication bridge between the East and the West. The firm has a core team consisting of individuals from leading North American investment banks, hedge funds, Canadian pension funds, IBM, the Toronto Stock Exchange, and other institutions.
FinSMEs
13/03/2023