BlockBeats news, on October 23, reported by Bloomberg, that Australian cryptocurrency hedge fund management company JellyC and Singapore's Trovio Asset Management have merged, aiming to attract institutional investors such as pension funds.

Company executives indicated in an interview that JellyC will become the major shareholder of the merged company. JellyC co-founder Michael Prendiville stated that this merger will help open doors to large investors in the Asia-Pacific region, ultimately including pension funds in Australia.

So far, Australia's pension industry, worth AUD 3.9 trillion (USD 2.6 trillion), has been reluctant to allocate funds to digital asset-related investments. With Australia tightening cryptocurrency regulations, Prendiville expects this situation to change in the coming years.

Prendiville stated that the merged business aims to increase the total managed assets by 150% from the current level to AUD 250 million by mid-2026.