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Quantitative trading firm Two Sigma is expanding its operations to San Francisco, according to a report by Bloomberg News.
The $60 billion firm told Bloomberg that the San Francisco outpost is part of a build-out of its venture capital unit Two Sigma Ventures, which recently brought on Villi Iltchev, formerly of August Capital.
The firm has made investments in more than 70 early-stage companies, according to Bloomberg. Among those investments are two crypto-related companies, including Risk Labs — the firm affiliated with the UMA protocol — and Trustology.
UMA in March announced the launch of a token that would represent ownership of the largest 500 companies in U.S. financial markets. Two Sigma also was the lead investor in Trustology's $8 million seed fund, which was announced on December 2018. Trustology offers services to secure digital assets.
About Author
Frank Chaparro is the Editor At Large at The Block. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. He runs his own podcast The Scoop and writes a biweekly eponymous newsletter.
He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email
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