Deep Tide TechFlow News, October 23, according to Bloomberg, two well-known cryptocurrency hedge fund management companies, JellyC and Trovio Asset Management, announced a merger aimed at attracting institutional investor funds, including pension funds.

It is reported that Australia-based JellyC will become the major shareholder of the merged entity. JellyC co-founder Michael Prendiville stated in an interview that this merger will help the company scale up, making it easier to open the doors to large investors in the Asia-Pacific region, with the ultimate goal including Australia's superannuation funds.