Founder of Tianqiao Capital: This week launched a $ 200 million crypto fund in the United Arab Emirates

Anthony Scaramucci, former White House chief executive and founder of Skybridge Capital, said in an online interview with CNBC on December 2 that the United Arab Emirates (UAE) will announce $ 200 million in cryptocurrency this week. The funds consist of personal stocks and tokens.

Anthony Scaramucci first indicated in an interview that Tianqiao Capital currently has a current total capital of around US $ 9 billion, of which US $ 1.3 billion is in the crypto asset category. . It was also reported that the company is currently working on the development of a new CPRT, a publicly traded cryptocurrency public ecosystem ETF.

Anthony Scaramucci has since announced the first announcement of a $ 200 million cryptocurrency in Abu Dhabi, United Arab Emirates this week in Beijing. .

Anthony Scaramucci also announced that Skybridge Capital went public on December 1 in the Algorand fund. The Skybridge Capital team believe that Algorand could be better than Ethereum in the future thanks to Algorand's faster speeds, carbon footprint, and lower operating costs. .

Flying capital is always on the move.

Skybridge Capital is taking a number of steps to capture the momentum in cryptocurrency. In the third quarter of Skybridge Capital, data from Skybridge Multi-Advisor Hedge Fund, its venture capital fund, raised around $ 485 million in cryptocurrency exposure, up 150% from the previous month . To do. .

In addition, as previously reported, on September 14 of this year, Tianqiao Capital and Treasury President Trust Trust Advisors jointly applied to the SEC for registration of the crypto industry and digital ETF markets, and effective from the 14 September of this year, they plan to invest more than 80%. U.S. Net Asset and Custodian (ADR) common stocks of crypto and digital trading companies, key assets in the information technology industry and financial services companies.

Skybridge Capital, one of the issues for many cryptocurrency ETFs in the United States, has started filing its case for March of this year, but it is still at the SEC table, awaiting trial.