Hong Kong based crypto asset management and lending platform raised $40m in Series A funding led by Tiger Global.
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Crypto asset manager Babel raises $40m from Tiger Global, Bertelsmann and others
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Mainstream investors are jumping into the crypto scene partly because many see bitcoin as a way to hedge against “solvency and credibility risks” amid global economic uncertainties caused by Covid-19, said Liu. “Bitcoin is not something controlled by the government.”
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