Full Support to Old Street Digital from Tim Draper

image 1 : Old Streeet Digital
image 1 : Old Streeet Digital

Old Street Digital(OSD), a crypto-based asset management firm, closed its round with $2.8 million in funding, led by Draper Associates, with participation from Plassa Capital and leading venture capital and angel investors in Europe, Asia and the US.

Immediately after the funding round, Tim Draper said, “The Old Street Digital team is well positioned to provide access to a range of research-backed, crypto-based mutual funds, and we at Draper Associates are excited to support them.” 

Old Street Digital was founded with the aim of managing institutional assets with a focus on fundamental research to create a series of crypto funds for professional investors. The company will apply its high-level fund management expertise from the traditional world in the crypto world.

Paul Ridley: “There is a tremendous opportunity for institutional investors in digital assets. That’s why they need a reliable product offer from experienced professionals they can trust. We are setting up a crypto asset manager to fill this gap with a number of actively managed funds in an accessible fund structure.’’

The company, which launched its first fund this quarter, plans to open a new fund in the fourth quarter.

 “Top-of-the-line technology, security and systems are key in every new and complex asset class. It’s not without the challenges of exposure to crypto-asset risk in a familiar fund structure, but the platform we’ve built offers an institutional-grade option for professional investors.” – Nic Basson, OSD Operations Director

“Old Street Digital’s unique approach applies its traditional fund management expertise to the crypto world. The Old Street Digital team is well positioned to provide access to a number of research-backed, crypto-based mutual funds. We at Draper Associates are excited to support them.” -Draper Associates Co-Founder Tim Draper

The Management of Old Street Digital is Entrusted to Gary Blake

OSD’s portfolio management will be headed by Gary Clarke, chief investment officer. He is one of the most well-known stock portfolio managers in Europe. He has 27 years of portfolio management experience. He was previously Head of Global Equities at Blackrock, where he oversaw US$31 billion in client assets. In addition, he has held senior positions with leading fund managers, including Head of European Equities at Schroders and Head of Thematic Investments at JP Morgan Asset Management.

 “It is a great honor for us to be supported by investors who understand corporate fund management at the highest level and support us to present in crypto. Over the past 27 years I have managed money for many of the world’s largest and most demanding corporate clients. I aim to bring the lessons and disciplines I have acquired so far in line with the new technology and capabilities,” said Clarke.

About Old Street Digital

OSD was founded by Paul Ridley, Gary Clarke and Nic Basson. The company combines deep experience from the “traditional” wealth management space with the emerging crypto asset class to create unique investment products for institutional investors seeking exposure to this fast-growing industry.

OSD Team

Image 1 : Old Street Digital Team
Image 2 : Old Street Digital Team

Nothing on the website (cryptodataspace.com) constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.