BH Digital has raised $9 million for its Nova Digital Opportunities fund.
According to a regulatory filing, the fund has three investors and the first transaction took place in early March. The filing said the fund was launched in 2022. Nova Digital is a branch of BH Digital, the digital asset division of hedge fund Brevan Howard. It is led by BlackRock and Dragonfly Capital veteran Kevin Hu, who reports directly to BH Digital CEO Gautam Sharma. (The Block)
