Leucadia Asset Management, the asset management division of Jefferies Financial Group, announced a strategic relationship with Tephra Digital, a newly-formed digital assets investment firm. In connection with the transaction, Leucadia Asset Management will invest long-term capital into Tephra Digital’s liquid token strategy.
Co-led by Managing Partners Ryan Price and Raghav Chopra, Tephra Digital will pursue a long-term and scalable strategy of investing in digital assets. Tephra Digital seeks to enable investors to achieve comprehensive exposure to the blockchain and Web3 ecosystem through a thematic and disciplined approach.
"Ryan Price and Raghav Chopra bring decades of public and private market investing acumen to this nascent but increasingly important asset class. Our strategic relationship will differentiate Tephra Digital in the marketplace, provide substantial operational support, and enable it to scale efficiently to achieve long-term success," said Nick Daraviras and Sol Kumin, Co-Presidents of Leucadia Asset Management.
"There is no better validation of our strategy than the vote of confidence from Leucadia Asset Management and its accomplished and experienced team. Leucadia’s resources and insight will be a game-changer for Tephra Digital’s growth trajectory and will enable us to be even more firmly devoted to our investing process," said Ryan Price and Raghav Chopra, the founding Managing Partners of Tephra Digital.
Source: Leucadia