Business

LedgerPrime Revives as MNNC Group Post-FTX – Crypto News

Published

1 year ago

March 1, 2024

Dripp

The crypto hedge fund, previously known as LedgerPrime, has been relaunched under a new identity, MNNC Group, which promises to be a comeback for the organization following the bankruptcy of FTX. This rebranding is positioned as a shift in the investment landscape for crypto to harness the team’s experience, including the former LedgerPrime members.

Among them, Shiliang Tang, one of the former Chief Investment Officers, is a light of continuity and excellence to the finance department. The team demonstrates flexibility and potential for recovery and development in the unstable crypto market.

LedgerPrime Rebirth with a Focus on Returns

MNNC Group, now residing in the Cayman Islands, has earned an undisclosed amount from their investors, some of whom include those who previously trusted LedgerPrime. The investment team’s faith in their navigational capability in cryptocurrency markets is reflected through the injection of such capital.

Having a solid plan, the company strives to duplicate and surpass the impressive 40% annualized return rate demonstrated by LedgerPrime management at its peak. This activity highlights the MNNC Group’s ambition to go through the aftermath of FTX’s collapse and come out well above it.

Leveraging Legacy and Expertise

The revamped team at MNNC Group, mainly made up of LedgerPrime ex-workers, brings a wealth of experience and strong track records. Their expertise lies at the core of the new company’s strategy in multi-strategy hedge fund operations that provide both diversification and robust returns.

The group plans to ensure investors and other stakeholders are confident in their long-term leadership capabilities to deliver value in an uncertain environment.

New Ventures and the Road Ahead

Concurrently, the resilience among LedgerPrime’s former team members is further evidenced by the launch of Split Capital. Significantly, LedgerPrime entrepreneurs Zaheer Ebtikar and Michael Churchouse formed Split Capital with the help of Nai Boonkongkird and others. The startup leverages this team’s capability and introduces a splendid option for liquid token investment.

In addition, Split Capital seeks to distinguish itself from the short-term strategies prevalent in the market by focusing on long-term value creation. Along with Shiliang Tang’s advisory role, this indicates the understanding among the projects of interactive nature and the goal to use the resources effectively to achieve sustainable development.

This strategic reboot of LedgerPrime as MNNC Group, alongside the emergence of Split Capital, marks a significant moment in the crypto investment industry. This move also reflects a collective endeavor to overcome the challenges posed by the FTX debacle and to pave a new path forward. Through their heritage, strategic intelligence, and knowledge of the crypto market dynamics, MNNC Group and its sister venture, Split Capital, are positioned to change the prevailing opinion regarding success in the crypto hedge fund space.