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People familiar with the matter: Ant Financial plans to divest from A&T Capital or exit the cryptocurrency field

18/09 18:42
Odaily Planet Daily News According to people familiar with the matter, Ant Financial is planning to exit its investment in A&T Capital. This investment is the core of Ant Group’s bets in the field of crypto assets. It's unclear whether the venture capital firm will continue operations or attract new investors, with the company's website returning a timeout error to users as of Monday afternoon. An Ant Financial spokesperson did not respond to a request for comment. Founded in April 2021, A&T Capital has invested in some of the hottest crypto startups, including digital asset lender Matrixport and ethereum software developer ConsenSys, with Ant Financial being a major investor in A&T Capital. Data from PitchBook shows that crypto venture capital investment fell to its lowest level since 2020 in the second quarter (pictured), a decline that followed last year’s crypto asset crash. (Golden Ten)