Steven Cohen, founder and chairman/CEO of Stamford”™s Point72 Asset Management hedge fund and owner of the New York Mets, is investing in Radkl, a startup quantitative-trading firm specializing in digital assets.
Cohen”™s investment is from a personal capacity and is not being made through Point72.
Radkl, pronounced “radical,” will focus on proprietary trading and investing strategies in the cryptocurrency markets.
The scope of Cohen”™s investment was not disclosed.
“While the cryptocurrency market is now a $2 trillion asset class, we are still in the early stages of institutional adoption,” said Cohen in a press statement. “As more professional investors enter this space, there”™s a need for an institutional player like Radkl that engages in large digital asset transactions.”
