Baillie Gifford invests $100m in

Edinburgh asset management giant Baillie Gifford has invested $100 million in — the largest single investment yet made in the crypto wallet provider that allows users to buy and store digital tokens such as Bitcoin. co-founder and CEO Peter Smith wrote in a blog: “Last month, we announced that we raised $300M in Series C funding led by DST Global partners, Lightspeed Ventures, and VY Capital.

“Today we’re excited to publicly share that Baillie Gifford not only participated in that round, but invested $100M — the largest single investment in to date.

“For those who aren’t familiar, Baillie Gifford is a storied 110 year-old asset management firm who were early investors in some of the biggest tech-enabled companies over the last 20 years (Tesla, Google, Amazon, Airbnb, and more).

“They keep a low profile, have exacting standards, and are invaluable partners to as we grow.

“As one of their first investments in a crypto company, we’re honored to include them on our journey to bring the next 1B people into crypto.

“It’s also a validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years.

“With additional resources and support we’ll continue to relentlessly improve our product, grow the business, and evangelize the crypto space.”

Baillie Gifford recently toppled London-based Schroders from the number one position in the prestigious annual rankings of UK fund management brands by Broadridge.

Baillie Gifford is headquartered in Edinburgh with offices in Buenos Aires, Dublin, Frankfurt, Hong Kong, Krakow, London, New York, Shanghai, Toronto and Zurich.

It has £326 billion in assets under management and advice.