<h4>Quick Take</h4> <ul> <li>Prime Factor Capital has become the first asset manager that invests exclusively in crypto to get approval from the UK regulator, the FCA</li> <li>CEO Nic Niedermowwe told The Block that being regulated will give wary investors an &#8220;extra level of assurance,&#8221; but that &#8220;proper institutions&#8221; will need more time</li> <li>The firm chose to base itself in London as a city with renown regulatory rigour and deep pockets</li> </ul>