Start-up Old Street Digital to build a range of crypto funds
for professional investors; backed by network of top executives in
the European asset management industry
LONDON, Aug. 8, 2022
/PRNewswire/ -- Old Street Digital ('OSD') today announces
the closing of a $2.8m Seed funding
round led by Draper Associates. OSD is building an institutional
asset manager bringing the best of active, fundamental
research-driven portfolio management to crypto. The round announced
today includes participation from Plassa Capital and prominent
venture capital and angel investors across Europe, Asia
and the U.S. as well as senior executives from the U.K. Asset
Management industry.
Paul Ridley, CEO of Old Street
Digital said, "There is enormous opportunity for institutional
investors in digital assets but they need a credible product
offering from experienced professionals they can trust. We're
building a crypto asset manager to fill this gap with a range of
actively-managed funds in an accessible fund structure." Old Street
Digital's first fund launches this quarter and the firm expects to
open another in Q4.
Chief Investment Officer Gary
Clarke is one of Europe's
most prominent equity portfolio managers. An investor for 27 years,
Clarke previously held senior roles at leading fund managers
including Head of Global Equities at Blackrock where he oversaw USD
$31 billion in client assets, Head of
European Equities at Schroders and Head of Thematic Investing at
J.P. Morgan Asset Management.
"It's humbling to be supported by investors who understand
institutional fund management at the highest level and are backing
us to deliver in crypto. Over the last 27 years I have managed
money for many of the largest and most demanding institutional
clients in the world. We intend to bring those lessons and
disciplines, and align them with new technology and talent,"
remarked Clarke.
"Old Street Digital's unique approach applies traditional
fund-management expertise to the world of crypto," said
Tim Draper, Founding Partner, Draper
Associates. "The Old Street Digital team is well-positioned to
provide access to a range of research-backed, crypto-based
investment funds, and we at Draper Associates are excited to
support them."
"In any new and complex asset class, top-tier technology,
security and systems are key." Nic
Basson, Chief Operations Officer at OSD continued,
"Delivering crypto asset exposure in a familiar fund structure is
not without its challenges but the platform we are building offers
an institutional-grade option for professional investors."
About Old Street Digital
OSD was founded by Paul Ridley,
Gary Clarke and Nic Basson. The company combines a depth of
experience from "traditional" asset management space with the
nascent crypto asset class to create unique investment products for
institutional investors seeking exposure to this fast-growing
industry.
Press contact, Old Street Digital:
Nic Basson, CMO & COO
e: ir@oldstreetam.com
w: oldstreet.digital
Important Information
This material is for information purposes only and does not
constitute an offer to sell, nor a solicitation of an offer to buy
shares in the funds in any jurisdiction to any person to whom it is
unlawful to make such an offer or sale. Subscriptions will only be
received and shares issued on the basis of the current Offering
Memorandum for the Funds, and prospective investors should
carefully consider the extensive risk warnings and disclosures for
the Funds set out therein. Investors should also consider any other
factors that may be relevant to their circumstances, including tax
considerations, before making an investment. An investment in the
Funds is speculative, at risk of total loss and is not intended as
a complete investment program. Old Street Digital Limited is
registered as a private limited company in England and Wales, company number 13784150. Old Street
Digital is an appointed representative of Helford Capital Partners
LLP which is authorised and regulated by the Financial Conduct
Authority.