Crypto trading firm and market maker Auros said its newly formed venture capital arm plans to invest more than $50 million of its own capital in early-stage digital asset ventures over the next two years. To lead the investment effort, the firm appointed Julien Auchecorne, who previously worked at hedge fund Brevan Howard and digital asset services platform XBTO International, as well as other crypto and traditional investment firms, as head of Auros Ventures. The expansion also marks a milestone in Auros' transformation after the company was hit hard by the FTX crash at the end of 2022. Ben Roth said in an interview that the market maker now estimates that it handles around 4% of the exchange's global cryptocurrency trading volume.