The Rothschild Foundation RIT invests in Aspen, a cryptocurrency platform for high net worth clients – Bits Media

Jacob Rothschild Investment Trust RIT Launches Round of Financing for Aspen Digital. The company creates a web platform for wealthy investors to manage cryptoassets.

According to Reuters, RIT Capital Partners, Investment Fund, Founded by Jacob Rothschild, headed the round of funds in the amount $8.8 Milln for the Hong Kong company Aspen Digital.

Rothschild-backed RIT co-leads funding for crypto platform Aspen Digital https://t.co/20SfuX44DW pic.twitter.com/ncMFJQKzXP

— Reuters (@Reuters) August 4, 2021

Among other investors –  Liberty City Ventures, One of the first venture investors in the blockchain industry, also owners of Fortune magazine, Members of the richest family of Thailand–  Jaranton (Jiaravanon).

Aspen will be aimed at family funds and asset management in Europe, Asia and the Middle East, who want to have a single portal for creating and controlling the diversified portfolio of crypto assets.  

Aspen will provide consulting services, control the procedures for compliance with regulatory requirements and carry the transaction risks of the counterparty.

Aspen will focus on three areas: acquisition and storage of crypto assets, Investments in savings accounts, wealthy stablecoins, and also offer automated strategies, comparable with the strategies of hedge funds.

RIT Capital, previously known as Rothschild Investment Trust, - British investment fund, Founded by Lord Jacob Rothschild from the famous banking family of the Rothschilds. Market capitalization of the fund $5.28 billion.

12 april, Rit Capital Partners has acquired a share in the Kraken cryptocurrency exchange.