BlockBeats, citing a report by a Bloomberg reporter, said that the London-based quantitative hedge fund QRT made a strategic investment in trading infrastructure provider Treadfi, recruited for crypto roles, and evaluated external crypto fund managers.
AlgoQuant Asset Management reportedly partners with Liquid Mercury and plans to adopt its trading and operational infrastructure to support multi-strategy digital asset trading and expand global execution capabilities.
Stablecoin infrastructure company Agora announced that it has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a federally regulated national trust bank, bringing its stablecoin and custody businesses under direct federal supervision.