Monochrome Announces Series A to Accelerate Institutional Digital Asset Adoption | Monochrome Asset Management
Summary
The private funding round comes as Monochrome continues to develop products and demonstrate the firm’s leadership in the alternative investment industry, specialising in bitcoin and other digital assets. Monochrome counts a mix of four local and international investors, including Wei Zhou, former CFO of Binance, Charlie Lee the creator of Litecoin, Samson Mow the CSO of Blockstream, and Kain Warwick the founder of Blueshyft and Synthetix, further illustrating the growing interest of institutional investment in digital assets. “Jeff has deep domain expertise in this field, as well as a track record of driving successful businesses in the digital asset industry,” he added. Monochrome was founded by Jeff Yew as a means to facilitate a trusted bridge between traditional finance and emerging digital asset classes. “Monochrome has assembled a stellar team that combines more than a century of financial expertise with talents from ABN AMRO, Rest Super, IFM Investors, BNY Mellon and firms alike to provide a regulated, reliable and safe means for institutional investment into this asset class,” said Mr Yew.