LedgerPrime raises $12 million in funding

A quantitative digital asset investment firm LedgerPrime has received $12 million of institutional capital, with another $8 million guaranteed, CoinDesk reports. Founded in 2017 and owned by Ledger Holdings Inc., the NY-based company is using a data-centric approach to become "a global leader in generating sustained and superior risk-adjusted returns." 

According to Shiliang Tang, LedgerPrime chief investment officer, “The raise is reflective of LedgerPrime’s track record and success through the 2018 crypto crash, and shows the opportunity associated with trading cryptocurrency derivatives and the demand for strategies that can generate returns in both bear and bull markets.” LedgerPrime is registered as a CPO and also a member of the National Futures Association.