JellyC And Trovio Asset Management Merge To Attract Institutional Investors

According to Odaily, cryptocurrency hedge fund management companies JellyC and Trovio Asset Management have merged, aiming to attract institutional investors such as pension funds. Executives from the companies revealed that Australia-based JellyC will become the majority shareholder of the merged entity. Michael Prendiville, co-founder of JellyC, stated that the merger will help open doors to large investors in the Asia-Pacific region, eventually including Australia's superannuation funds. To date, Australia's AUD 3.9 trillion (USD 2.6 trillion) pension industry has been reluctant to invest in digital assets. However, with Australia tightening cryptocurrency regulations, Prendiville expects this situation to change in the coming years. Prendiville mentioned that the merged business aims to increase its total assets under management by 150% from current levels to AUD 250 million by mid-2026. Trovio CEO Jon Deane indicated that Trovio will eventually sell its stake in the merged business, though no timeline was provided.