On April 12, digital asset financial services company Tok-Edge announced its intention to launch a crypto hedge fund aimed at institutional investors. According to BlockBeats, the fund seeks to raise $100 million in its first round by 2026, with a long-term goal of establishing a compliant infrastructure for institutional crypto asset allocation. The initial fund size is set at $21 million.

Veteran traditional finance investor Marcus Meijer and his investment alliance are backing the fund, with plans to contribute $10 million as cornerstone investors.