Today independent investment bank Cowen announced its subsidiary Cowen Digital Asset Investment Company plans to enable clients to invest in cryptocurrencies and digital assets. To achieve that aim, it invested $25 million in institutional digital asset custody firm PolySign, leading its $53 million Series B financing. Two Cowen executives will join the PolySign board.
Other investors include Blockchain.com, Race Capital, Sandia Holdings and PilotRock Investments.
“As digital assets continue to grow and mature as an asset class, institutional investors need trusted custody and trading solutions on par with their requirements for investing in traditional securities,” said Jeffrey M. Solomon, Chair and CEO of Cowen.
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