NULS Receives Investment From $1.5 Billion Hedge Fund Ulysses Capital

via NULS

NULS (NULS), an open-source project with a highly customizable modular blockchain infrastructure, announced today it has received an investment of undisclosed amount from Ulysses Capital, a Los Angeles-based hedge fund.

According to the announcement, NULS is one of the first investments from Ulysses newly established crypto fund. The firm traditionally leverages a long-short strategy, and its current portfolio focuses on bonds (70%) and stocks (30%).

“We highly valued the technical superiority of the NULS platform and the ability of the team to successfully launch Mainnet and align with Bitmain. We will build a win-win relationship with each other by creating more opportunities for NULS in the future,”¬†said Joon Lee, the fund manager in charge of the Ulysses Capital’s crypto fund.

With the investment, NULS plans to engage more institutional investors to further expand the reach of its platform, which recently launched on the project’s mainnet.

NULS is up 6.5% on the news, giving the project a $50.3 million market cap, making it the 98th largest coin in the AltDex 100 Cryptocurrency Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens

More: NULS has formed a strategic alliance with Ulysses Capital and appoints Isaac Kim as COO
Similar: NULS Mainnet Goes Live Ahead of Schedule

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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