Dinocrypto

DinoCrypto

UK Asset Manager Baillie Gifford Invests $100M in Blockchain.com

UK Asset Manager Baillie Gifford Invests $100M in Blockchain.com

Baillie Gifford, one of the U.K.’s most prominent asset managers, has invested $100 million in crypto exchange and wallet provider Blockchain.com.

  • A blog by Blockchain.com CEO and co-founder Peter Smith on Tuesday said this is the largest single investment in the startup to date.
  • Baillie Gifford is a 110-year old asset management firm headquartered in Edinburgh with $445.3 billion in assets under management (AUM). It was an early investor in such tech giants as Tesla, Google and Amazon.
  • This is one of Baillie Gifford’s first such investments in a company in the crypto space, according to Smith.
  • It also follows less than a month after Blockchain.com raised $300 million in a Series C funding round led by DST Global, Lightspeed Venture Partners and VY Capital, which valued the company at $5.2 billion.

See also: Blockchain.com Crypto Wallet Outage Affects ‘Large Number’ of Users

Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group
Signature Bank Added $3.8B in Non-Interest Bearing Deposits in Q1