Digital asset financial services company Tok-Edge will launch a crypto hedge fund and raise $100 million.

According to Mars Finance, digital asset financial services company Tok-Edge announced the launch of a crypto hedge fund for institutional investors, aiming to raise $100 million in its first round of funding by 2026. Tok-Edge, which had previously maintained a low profile, reportedly aims to build a compliant crypto asset allocation infrastructure for institutions. The fund's initial size is $21 million, with veteran traditional finance investor Marcus Meijer and his investment consortium as investors, the latter planning to provide $10 million as a cornerstone investor.