Crypto Fund LedgerPrime Plans To Refund Outside Investors: Report

Crypto hedge fund LedgerPrime plans to return all capital to outside investors in transition to family office, pending approval, investor letter says seen by Seeking Alpha.

Crypto exchange FTX acquired parent company LedgerPrime Ledger Holdings last year. Ledger Holdings also owned the crypto futures platform LedgerX, which has since become FTX US Derivatives.

LedgerPrime, which has between $300 million and $400 million in assets under management, according to Seeking Alpha, would continue to operate independently but would only make investments on behalf of trading firm Alameda Research, which was launched by the founder. and CEO of FTX, Sam Bankman-Fried.

CoinDesk has reached out to LedgerPrime for comment but had not received a response as of press time.

Read more: Co-CEO of crypto trading firm Alameda Research, Sam Trabucco, resigns