New Crypto Fund from Hong Kong
Nogle announced the foundation of First Digital Trust, which will become the investment department of Legacy Trust, with a focus on cryptocurrencies. The new fund is estimated worth of $3 million while its main goal is to create an investment platform that will allow capitals from Asia to move towards cryptocurrencies.
The platform will start its operations in May and it will be Silvergate Exchange Network’s largest competitor in the area. The basic services offered will be trading for cryptocurrencies and fiat currencies.
The future goal is to include more assets like tokenized tangible or intangible assets, that have issued tokens for receiving funding.
The investment is not the first one for Nogle in the crypto space as it has invested more than $ 2.5 million in Telegram ICO while it works on providing financial services in the crypto industry.