Cryptology Asset Group that is a Malta-based investment outfit, was co-founded by Mike Novogratz and Christian Angermayer, who are serial entrepreneurs, all set to provide support for the crypto VC firms. In a press release, the European holding company made an announcement of plans for floating an investment of around $100 million into the first-time crypto funds. As a part of the statement, the investment group has revealed that it will make acceptance for the entrepreneurial approach while building its crypto fund collection while focusing on the up-and-coming managers and GP seeding.
Cryptology has a main track in the crypto and blockchain room that has made investments in the crypto-asset manager Iconic Funds along with the Bitcoin mining operator Northern Data. No doubt, Cryptology offers direct exposure for the EOS developer Block. One, and it has recently made an announcement for a $10 billion crypto tech company also known as Bullish Global.
According to Patrick Lowry, Cryptology CEO, the company’s augmented focus on the crypto market actually lies in the fact that the industry consist the suitable investment gamble. Lowry said that Cryptology had grown its assets under the management up to $548 million from an initial capital investment that was about $33 million.
Further, Lowry’s perception mentions that the Malta-based firm has enjoyed an estimated internal rate with a return rate of 300% in a year. The CEO has also attributed the positive growth performance of the company to the tectonic shifts that were triggered by the emerging crypto asset class.