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Baillie Gifford Invested $100 Million In BTC Wallet Provider

One of the biggest UK asset managers Baillie Gifford invested $100 million in the BTC wallet provider as we can see more in our latest Bitcoin news today.

Bailie Gifford invested $100 million into and according to the provider’s CEO Peter Smith, the company expects to go public in the near future. The asset manager invested about $100K into and this makes the Edinburgh-based company the biggest shareholder in the crypto company. added, yfi, dot, wallet, exchange

The investment hasn’t been disclosed before and it is a part of’s $300 million Series C funding round which was announced a month ago. The round was led by DST Global with Lightspeed Venture Partners and VY Capital among the other participants. Before that, the company raised about $120 million:

 “Baillie Gifford has a long history of backing transformational growth companies at their early stages.”

The Scottish asset manager outlined that the company has a growing conviction in the management team and the value proposition as well as the ability to make long-term investment returns for the clients.  Founded in 1906, Baillie Gifford is run by 46 of its senior executives that operate as a partnership. As per the company’s LinkedIn page, by 2020 it had $287 billion in assets under management and with the likes of Airbnb, Google, Tesla, and more.

The last funding round brought’s valuation to $5.2 million and now the crypto company expects to go public at a point in the near future, as CEO Peter Smith said:

 “We want to do it when the moment’s right for us, and we’re figuring out when that is.”

By doing this, will follow the footsteps of the crypto exchange Coinbase that last week went public in a direct listing on the Nasdaq platform. Smith didn’t want to comment on whether his company will pick New York or London for the float but he claimed that the company has seen a surplus of interest from private investors with orders reaching about $900 million or three times more of what the company raised.

A few weeks ago, added Polkadot’s DOT, Aave, and YFI to its wallet and exchange while seeking to build on the growing decentralized finance space.

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