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Sadie Raney. (LinkedIn Photo)
Strix Leviathan, a Seattle-based digital assets startup, has been acquired by Parataxis, a crypto hedge fund based in New York CIty.
“This strategic combination of two actively traded digital asset funds creates one of the most experienced and tenured investment firms in the space and will drive significant value for both our funds and our investors,” Strix wrote on LinkedIn.
Bloomberg first reported on the deal. Terms were not disclosed.
Jesse Proudman, a longtime Seattle entrepreneur who previously sold Blue Box to IBM, launched Strix with co-founder Sadie Raney in 2018 as a cryptocurrency trading and management service for enterprises and institutions.
Strix spun out robo-advisor company Makara in 2021 and sold it to Betterment a year later.
Raney later became CEO of Strix. After the deal with Parataxis, she’ll focus on her CEO role at Eve Wealth, a fintech startup based in Seattle that describes itself as a “financial services network and investing platform.”
Nico Corderiro, who was chief investment officer at Strix, joined Parataxis as a portfolio manager.
Proudman remains at Betterment as a vice president, according to LinkedIn.
Edward Chin and Thejas Nalval co-founded Parataxis in 2019.
