Hong Kong-based Cryptocurrency Market Maker, Auros, Announces Plans to Invest $50M in Crypto Start-up Projects

The news came on 8 July 2024 via an interview with CoinDesk, where Auros Co-Founder and CIO Ben Roth confirmed that the investment will come from its new subsidiary

Hong Kong-based cryptocurrency market maker Auros has announced plans to invest $50 million in crypto start-up projects over the next 24 months. The investment will be made through Auros Ventures, a new subsidiary of the company.

Auros Co-Founder and CIO Ben Roth told CoinDesk in an interview on 8 July 2024 that the company’s experience in the digital asset industry will be used to identify strong projects and support them from infancy to becoming established and liquid entities.

“Auros has seen tremendous growth since its inception in 2019,” Roth said. “The launch of Auros Ventures is a reaffirmation of our expansion strategy and a commitment to continue growing our role as a trusted industry steward that fosters sustainable ecosystem growth.”

The investment arm has 14 projects within its portfolio. Auros Ventures has already deployed close to $20 million since Q3 2023 and lists notable projects such as Pyth and Berachain.

Julien Auchecorne, formerly of XBTO and JP Morgan, has been chosen to lead Auros Ventures. He is a seasoned expert in both traditional finance and digital assets.

“We are thrilled to welcome Julien to our team, having witnessed his impressive track record in investments and business scaling,” Roth said of Auchecorne’s hire.

The investment arm plans to be active in supporting projects within its portfolio, participating in the strategic and operational development of its investments.

“Auros has made substantial strides in expanding its market presence in the past 18 months,” Auchecorne said, commenting on his assignment. “I am excited to be working with Ben and the exceptional team at Auros to support groundbreaking projects that push the boundaries of innovation in our industry.”

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