Global asset manager GoldenTree has sold its digital asset unit to investment firm Republic, with former partner Joe Naggar set to join the company. Republic announced the acquisition of GoldenChain on Tuesday, a wholly owned subsidiary of GoldenTree, which managed the firm’s digital asset funds. Nagger will become CEO and CIO of the newly formed digital asset-focused entity Republic Digital. Republic said the deal was designed to bolster its market position. It will leverage the combined expertise to explore new opportunities in the digital asset space.
Global asset manager GoldenTree has sold its digital asset unit to investment firm Republic , with former partner Joe Naggar set to join the company. Republic announced the acquisition of GoldenChain on Tuesday, a wholly owned subsidiary of GoldenTree, which managed the firm’s digital asset funds. Nagger will become CEO and CIO of the newly formed digital asset -focused entity Republic Digital. Republic said the deal was designed to bolster its market position .
It will leverage the combined expertise to explore new opportunities in the digital asset space. “We are excited to welcome GoldenChain into the Republic family,” Republic President Andrew Durgee said in a statement. “We are confident that the combined strengths of Republic and GoldenChain will create compelling opportunities for our investors.” The deal follows news, reported by The Block exclusively in November, that Naggar was set to leave GoldenTre
Goldentree Republic Digital Asset Acquisition Investment Market Position Opportunities
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