RATE Group | Ember Fund: A Cryptocurrency Hedge Fund Platform that Brings Enterprise-Level Management and Expertise to a Global User Base
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Ember Fund: A Cryptocurrency Hedge Fund Platform that Brings Enterprise-Level Management and Expertise to a Global User Base

01 May Ember Fund: A Cryptocurrency Hedge Fund Platform that Brings Enterprise-Level Management and Expertise to a Global User Base

Posted at 15:28h in Cryptocurrency News by

In a Nutshell: When Alex Wang and his friends learned that they couldn’t invest in cryptocurrency hedge funds because they lacked assets, the group created a solution to change that. The mobile-only Ember Fund platform leverages the efficiencies of crypto smart contracts to make institutional hedge fund access available to a global audience. Ember Fund combines the features of a mainstream crypto exchange with machine-powered fund management to build a bridge to the financial ecosystem of the future.

Alex Wang developed an interest in cryptocurrency while working as a product manager at an artificial intelligence company in 2016. But when he visited a popular crypto exchange with thoughts of investing, he couldn’t find a path forward. The crypto world turned out to be a maze of thousands of competing currencies, all seemingly with volatility issues, and new coins and platforms popping in and out of existence.

“What I found is that crypto is not digestible to the normal…

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