Tok-Edge will launch an institutional crypto hedge fund and plans to raise $100 million in its first round of funding.

Mars Finance reported on April 12 that 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. The fund's long-term goal is to build a compliant crypto asset allocation infrastructure for institutions, with an initial size of $21 million. Marcus Meijer, a veteran investor in traditional finance, and his investment consortium are investors in the fund, with the latter planning to provide $10 million as a cornerstone investor.