Galaxy, BlockTower Lead $16 Million Funding for Crypto Project Caspian

Institutional traders simply need better crypto tools. That’s the driving idea behind a union between Kenetic Capital, a crypto hedge fund based in Singapore, and Tora, a trading systems firm that already supplies order execution, portfolio management, risk assessment and compliance services for well-established asset classes. Announced today, both companies are teaming up to create Caspian, a project that has raised $16 million in funding via a token presale. Investors in the round include Kenetic, Galaxy Investment Partners, BlockTower Capital, Octagon Strategy, Techemy Capital, Global Advisors and Bletchley Park, according to David Mills of…