According to Deep Trend TechFlow news, hedge fund manager Steven Tananbaum’s GoldenTree Asset Management has sold its crypto subsidiary to digital asset investment company Republic.
Former GoldenTree partner Joe Naggar will join Republic Digital, a newly created entity within Republic, as CEO and chief investment officer. Naggar said the acquisition of GoldenChain, a wholly-owned subsidiary of GoldenTree, was completed last week. He declined to disclose terms of the deal, citing confidentiality.