Tags: Cumberland DRW

CDCROP: Block Blockchain (Shubham Dhage/Unsplash)

The regulated DeFi asset manager was launched with a $5 million investment from the Web3 incubator.

The move comes one week after Cumberland inked a deal with Canada-based crypto platform BitBuy to boost liquidity on that exchange.

The Chicago-based firm was listed among Genesis‘ creditors in the amount of $18 million, but Cumberland said that‘s too high. The document includes "misleading and incorrect information," Cumberland tweeted.