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WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is a technology company focused on creating better access to digital assets through centralized and decentralized platforms. The company provides unified access to digital assets, including crypto, DeFi, gaming, and NFTs

Institutional Investors Continue Warming Up To Cryptocurrencies

The 'smart money' continues to pile into crypto as a portfolio diversification strategy. Nowadays, family offices, hedge funds, and legacy money managers have a very different sentiment on crypto products and services, considering that a whopping $17 billion worth of institutional capital was poured into the space this year alone. Just last month, Apollo Capital, a fund manager with over $500 billion in assets under management, launched the Apollo Capital Frontier Fund, which will focus on NFT infrastructure, decentralized finance and multichain infrastructure

By AP News
Published - Nov 02, 2022, 12:31 PM ET
Last Updated - Mar 15, 2024, 03:07 PM EDT

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NEW YORK, Nov. 2, 2022 /PRNewswire/ -- The 'smart money' continues to pile into crypto as a portfolio diversification strategy. Nowadays, family offices, hedge funds, and legacy money managers have a very different sentiment on crypto products and services, considering that a whopping $17 billion worth of institutional capital was poured into the space this year alone. Just last month, Apollo Capital, a fund manager with over $500 billion in assets under management, launched the Apollo Capital Frontier Fund, which will focus on NFT infrastructure, decentralized finance and multichain infrastructure. And financial heavyweights Charles Schwab, Citadel Securities and Fidelity Investments, also announced the launch of a new crypto exchange, EDX Markets. Although there is a lot of pent-up demand from institutional investors to participate in the digital asset class, most aren't able to access the ecosystem directly, making companies like Coinbase Global, Inc. (NASDAQ:COIN), Hut 8 Mining Corp. (NASDAQ:HUT) (TSX:HUT), CleanSpark (NASDAQ:CLSK), Citigroup Inc. (NYSE:C) and WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) which can provide that access attractive to investors.

WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is a technology company focused on creating better access to digital assets through centralized and decentralized platforms. The company provides unified access to digital assets, including crypto, DeFi, gaming, and NFTs.

On November 2, WonderFi Technologies announced that, through its subsidiary Bitbuy, it is now the first TSX-listed digital currency trading platform to receive approval from Canadian securities regulators to offer staking to Canadian investors.

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