Mox Capital, an alternative investments think-tank, has announced its intention to actively seek and fund innovative ideas, helping them to accelerate their development.
In line with this commitment, the group has allocated a substantial sum of $410 million to further explore digital assets, as indicated in their press release.
Their official website also confirms this figure, stating that Mox Capital, with $410 million in assets under management, directs its investments across a broad spectrum of themes. This includes non-fungible tokens (NFTs), tokens, collectibles, protocols, digital banks, and incubation.
The press release additionally highlights that the think-tank’s current portfolio encompasses a diverse range of blockchain investments and alternative assets, such as contemporary street art.
The group further emphasized:
“By closely monitoring and actively participating in the remarkable expansion of non-traditional markets such as sneakers and NFTs, Mox comprehends the potential that can emerge from endorsing unconventional perspectives.”
Despite the bearish market conditions, the team, spanning regions across Asia-Pacific and the Americas, has witnessed “substantial growth” in its assets within the eight months since its inception.
In conclusion, they expressed:
“Opportunities exist irrespective of market conditions. Our dedicated team at Mox is on the lookout for those elusive opportunities, and while we seek the extraordinary, we are equally content with the remarkable sparks we discover along the way.”
Mox Capital extends an invitation to individuals with “bold” ideas that are forward-thinking and contribute to the evolution of digital and alternative assets to get in touch with them.
Mox Capital operates as a private think-tank primarily dedicated to alternative investments. They offer funding and infrastructure support to companies at various stages of development.
Furthermore, the think-tank actively taps into grassroots communities to foster collaborative innovation, as per their statement.
According to information from Crunchbase, Mox Capital has successfully raised a total of $410 million through a single venture fund named “m0x starting capital.” This fund’s announcement took place on September 13 of this year.
‘Revival in Institutional Interest’
According to the latest Bitfinex report, call options are increasingly becoming the favored choice for investors seeking exposure to the potential upward movement of Bitcoin (BTC). The report highlights that the options market is experiencing remarkable growth, described as “unprecedented.”
The report also observes that options open interest is gradually recovering, reaching $1.15 billion in October. It suggests that this recovery trajectory indicates a resurgence in institutional interest, even though it falls short of its all-time high.
Notably, October witnessed an impressive $4.3 billion increase in open interest for call options, marking an 80% surge. This surge signifies a notable shift in risk appetite and investment strategy, focusing on long-term value appreciation.
Additionally, in October, the total assets under management (AUM) for digital asset products experienced a notable surge, increasing by 6.74% to reach $31.7 billion. This upswing marks the first increase in AUM since July, as reported by crypto data provider CCData in their Digital Asset Management Review.
The average daily aggregate volumes of digital asset investment products also saw a significant boost, with a 44.3% increase, reaching $230 million.
The report highlights that this increase mirrors the positive sentiment of market participants regarding the potential approval of exchange-traded funds (ETFs).
Bitfinex analysts anticipate that October will record a growth of over 27%, following a positive September, which represented the second-highest monthly growth this year. They also suggest that November is likely to continue this trend, citing historical data that indicates a 60% likelihood of a positive performance for BTC in November.
