Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

A division of the financial services firm and investment bank Cowen has raised over $46 million for a fund that will apparently make digital-asset-focused investments.

  • According to a Form D filed with the U.S. Securities and Exchange Commission on Wednesday, Cowen Digital Asset Investment Co. LLC raised precisely $46,015,000 from 80 investors.
  • They each put in at least the minimum investment of $10,000 to the pooled investment fund.
  • Cowen Digital Asset Investment was incorporated in Delaware on March 23, 2021, according to the state's corporate registry.
  • The precise investment strategy of the fund – that is, whether it will directly invest in cryptocurrencies or instead via investment vehicles or industry firms – isn't made clear in the filing.
  • Earlier this month, however, Cowen Digital Asset Investment invested $25 million in digital asset infrastructure provider PolySign.
  • The deal ushered in a partnership aimed to allow Cowen’s institutional investor clients to "secure, access and leverage" cryptocurrencies and digital assets.

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, 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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.