Xalts, a Hong Kong-based digital-asset management firm is on the expansion trail after securing $6m in funding from Citi and a group of hedge funds.
Co-founder and former fixed income trader Ashutosh Goel established Xalts in July 2022 after spending nine years in Hong Kong with HSBC. Former Meta Asia executive Supreet Kaur, who is the other co-founder, has relocated from Singapore to Dubai where she is building out its Middle East operation.
Goel told eFinancialCareers that Xalts will employ around eight people by the end of the month and will expand to around 30 people by the end of the year.