Arthur Hayes Claims Co-founders of Three Arrow Capital Raised Large Sums from Bahrain’s Sovereign Wealth Fund

According to reports, Arthur Hayes, co founder of BitMEX, a cryptotrading platform, tweeted that he received information that Zhu Su and Kyle Davies, co founders of Three Arrow Capital, had raised a large amount of funds from Bahrain’s sovereign wealth fund. They conducted transactions through the original three arrow capital over-the-counter trading platform TaipingShan Capital. This Tuesday, the bond trading platform OPNX, established by ZhuSu and Kyle Davies, was officially launched.

BitMEX Co creation: Three Arrow Capital Co creation raised a large amount of funds from Bahrain’s sovereign wealth fund

Cryptocurrency trading platform BitMEX co-founder Arthur Hayes recently tweeted that he received information regarding Three Arrow Capital’s co-founders, Zhu Su and Kyle Davies, raising significant funds from Bahrain’s sovereign wealth fund. According to the tweet, the transactions were conducted through their over-the-counter trading platform TaipingShan Capital. Furthermore, the tweet revealed that OPNX, the bond trading platform established by the same co-founders, was officially launched just this Tuesday.

Introduction

Cryptocurrency has been the hot topic in finance for the past few years, and it seems that it is here to stay. The advent of cryptocurrency trading platforms like BitMEX, Coinbase, and Binance has made it very easy for people to invest in cryptocurrencies of their choice. These platforms have made cryptocurrency trading an attractive means of investment since cryptocurrency prices have been on a steady rise in the past few years, outpacing traditional investments. Recently, news circulated that Three Arrow Capital’s co-founders, Zhu Su and Kyle Davies, raised significant funds from Bahrain’s sovereign wealth fund.

Who are Three Arrow Capital’s co-founders?

Zhu Su and Kyle Davies founded Three Arrow Capital (TAC) in 2012. They met while working at Credit Suisse and co-founded TAC as a Hong Kong-based asset management firm focused on digital assets. According to its website, TAC has over 30 employees in London, Shanghai, and Singapore, and it manages a well-diversified portfolio of digital assets. The company also operates several over-the-counter (OTC) cryptocurrency trading platforms, including TaipingShan Capital.

What is the sovereign wealth fund of Bahrain?

Bahrain is an island country off the coast of Saudi Arabia in the Persian Gulf. Bahrain’s sovereign wealth fund, the Mumtalakat Holding Company, manages the country’s assets and investments. The fund invests in a wide range of sectors, including healthcare, education, real estate, and infrastructure. It has over $17 billion in assets under management and was created in 2006 to oversee the country’s non-oil and gas investments.

What is TaipingShan Capital?

TaipingShan Capital is an OTC trading platform that is operated by Three Arrow Capital. The platform focuses on facilitating large trades for institutional clients. It offers a range of services, including access to liquidity pools, real-time market intelligence, and personalized account management.

What is OPNX and how does it relate to Three Arrow Capital?

OPNX is a bond trading platform that was established by Zhu Su and Kyle Davies. The platform uses machine learning to analyze bond market data and generate trade ideas. Further, it provides clients with personalized investment strategies based on their risk tolerance and investment goals. Unlike TaipingShan Capital, which operates in the digital assets space, OPNX focuses on bond market trading.

Conclusion

The news of Three Arrow Capital’s co-founders raising significant funds from Bahrain’s sovereign wealth fund through their TaipingShan platform is an exciting development for the cryptocurrency world. Additionally, the launch of their new bond trading platform, OPNX, offers more opportunities for investors to diversify their portfolios. These moves show that the cryptocurrency world is becoming more institutionalized and attracting investments from big players. It is clear that the appeal of cryptocurrencies and their underlying technology is only growing stronger.

FAQs

1. What is Three Arrow Capital?
Three Arrow Capital is a Hong Kong-based asset management firm focused on digital assets.
2. What is OPNX?
OPNX is a bond trading platform operated by the co-founders of Three Arrow Capital that uses machine learning to analyze bond market data and generate trade ideas.
3. Who manages Bahrain’s sovereign wealth fund?
Bahrain’s sovereign wealth fund, the Mumtalakat Holding Company, manages the country’s assets and investments.