London-based investment firm Marshall Wace is building out a team that invests in private blockchain-related companies, hiring William Benattar for its crossover investment fund, according to people familiar with the matter.

Marshall Wace manages about $60 billion, mostly in hedge funds that bet on stocks rising or falling. Last July, Bloomberg News reported the firm was raising a new digital finance fund to bet on private companies in areas such as blockchain technology, digital payments and stablecoins.

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