PANews reported on October 23 that according to Bloomberg, Australian crypto hedge fund manager JellyC merged with Singapore's Trovio Asset Management to attract institutional investment, including pension funds. JellyC will become the main shareholder of the merged entity, with the goal of increasing the size of assets under management by 150% to A$250 million by mid-2026. JellyC co-founder Prendiville said that the expansion will help gain the favor of large investors in the Asia-Pacific region, especially Australian pension funds. Trovio plans to sell its shares in the merged company in the future, but did not give a specific timetable.