Crypto trading firm Auros looks to invest $50m over two years through new venture arm

Crypto trading firm Auros looks to invest $50m over two years through new venture arm

FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic//File Photo

Algorithmic trading firm Auros has launched a new investment arm, which aims to deploy over $50 million into digital asset enterprises, over the next two years.

Julien Auchecorne, an expert in traditional finance and digital assets, who has held investment, operational, and advisory roles at firms including digital asset platform XBTO, investment bank JP Morgan and hedge fund management firm Brevan Howard, will head Auros Ventures, according to an announcement.

While the venture arm did not specify any ticket size, it said it will invest in the full project life cycle from early-stage primary investments to liquid secondary opportunities.

It has already deployed over $15 million since Q3 2023. So far, the firm counts companies including oracle network Pyth and Layer-1 among its portfolio of 14 investments. The venture unit will offer market-leading service and support, particularly in the fields of on-chain and off-chain liquidity, market microstructure, and exchange product design, per the release.

The crypto venture market tracked a rebound in Q2—venture capital funding dedicated to crypto startups increased by 28% to $3.2 billion in Q2 compared to $2.5 billion in Q1, despite a slight drop in deal count, according to recent data released by the research arm of crypto investment firm Galaxy Digital.

Edited by: Pramod Mathew

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter

This is your last free story for the month. Register to continue reading our content