12 Peers Capital Markets Ltd., a boutique broker dealer offering a range of bespoke investment products, hired GDA Capital this week to advise the firm as they broaden their investment portfolio and begin to offer strategic investment opportunities into the digital asset economy.
Their allocation into blockchain provides 12PCM with an integral financial footprint into the emerging technology sector, while complimenting their existing investment portfolio, the two companies said in a statement.
“As a merchant bank that is tailored for the digital world, our job is to engage with like minded firms who are trying to bring traditional capital into the digital asset economy. We are thrilled to be working with 12 Peers. With an investment mandate previously focused on traditional securities, their transition into blockchain signals a larger wave of adoption and interest at the institutional level,” said GDA Capital president David Shafrir.
“We have followed the GDA team of pros for some time and view their analytics and genius in this ‘digital sector’ as leading edge. Like many industries that have had to evolve or perish, we think that within the Financial services industry there will continue to be movement into the crypto and blockchain sector. We view our latest investment with GDA as a continuing ‘good news’ story that will lead to other investments by 12PCM into this important space,” said Founder and EVP of 12 Peers Gord Ferguson.
Global Digital Assets (GDA Capital) is a global merchant bank focused on emerging technology, based in Toronto & New York City. GDA was founded through the joint venture between MLG Blockchain and Secure Digital Markets and offers a full suite of services including ventures, capital markets and liquidity. GDA has worked with a variety of firms ranging from family offices, HNWI, Fortune 100 enterprises, startups and global governments looking to accelerate their country’s adoption of blockchain.
12 Peers Capital Markets, Ltd. (12 Peers) is a broker dealer incorporated in the Cayman Islands and registered with the Cayman Islands monetary Authority (CIMA). 12 Peers provides professional advisory and investment management services related to fixed income securities, structured notes and alternative investments for high networth individuals and institutional investors.