Brevan Howard, a United Kingdom-based hedge fund, plans to "significantly expand" its cryptocurrency and digital assets, according to a new report from Reuters.

Chief Executive Aron Landy, who has been at Brevan's helm since its co-founder and long-fourth dimension crypto backer Alan Howard stepped down in 2022, has stated that the house has a "commitment to chop-chop expanding its platform and offerings in cryptocurrencies and digital assets."

Brevan's strategy going forwards with crypto is two-pronged. The business firm is launching a new business division, "BH Digital," to manage its crypto and digital assets, and has also hired CMT Digital Principal Executive Colleen Sullivan to lead private and venture investments in crypto.

Sullivan has led CMT Digital — a CMT Group partitioning focused on crypto trading, blockchain investments, and legal/policy engagement in the industry — since late 2022. At Brevan, she will chair an investment committee dedicated to forging a new strategy focused on crypto technology. Landy has endorsed Sullivan's "exceptional track tape in making highly successful crypto venture investments," adding that her date "will be of tremendous benefit to Brevan Howard clients."

Related: Regulating crypto could give it 'halo' of legitimacy, says UK watchdog

Brevan's crypto strategy under Landy suggests that Howard'southward departure has done little to dampen the business firm's appetite for investing in the space. Under his leadership, the Brevan Howard Master Fund had announced it would classify 1.5% to crypto this Apr, roughly $84 one thousand thousand.

Howard, himself, has numerous crypto investments under his chugalug, including in EOS developer Block.one and the Water ice-owned digital asset,s platform Bakkt. This summertime he led a $25 million extension enhance for London-based crypto services firm Copper.co and besides invested in Asian crypto investment platform Kikitrade. He also has a 25% stake with Ane River Digital Asset Management, a U.s.a.-based hedge fund that purchased $600 million worth of Bitcoin (BTC) and Ether (ETH) in 2022.