Wintermute to pour $1B into AI, high

Crypto market maker Wintermute plans to invest $1 billion over the next five years into AI data center infrastructure and high-frequency trading systems. CEO Evgeny Gaevoy stated the firm aims to shift its business model, targeting non-crypto market activity to represent over 50% of its total operations by the end of 2027, compared to the current 10%. This strategic pivot reflects a broader industry trend where crypto-native firms are aggressively expanding into traditional finance to diversify revenue streams. The expansion includes significant headcount growth, with plans to double the New York office staff and increase global personnel by 40%. This move aligns with the growing integration of tokenized traditional assets, such as stocks and ETFs, across major digital asset platforms. As firms like Crypto.com, Coinbase, and Binance integrate tokenized offerings, the infrastructure for on-chain traditional finance continues to mature. The development underscores the increasing convergence between institutional market-making capabilities and the tokenization of real-world financial instruments.