GoldenTree, a global asset management firm disclosed its token holdings in the decentralized exchange (DEX) SushiSwap (SUSHI) which is currently up 13%.
The firm is said to have SUSHI token holdings of $5.3 million and $50 billion in assets.
According to GoldenTree's asset manager, his firm has just launched GoldenChain's Asset Management division which is more focused on cryptocurrencies and he is excited to be more active with Sushi.
He added that GoldenTree will help SUSHI further develop its tokenomics and general strategy.
It is understood that GoldenTree's disclosure was made shortly after DAO appointed Jared Gray as the new chief executive officer (CEO) of SUSHI.
The CEO change was made due to the instability of SUSHI's management leadership, the founding members of OxMaki left the company and CTO Joseph Delong moved to the non-fungible token (NFT) platform Astaria.
Although SUSHI is down 90% from its high of $13 last March, investor confidence in the token is growing.
Even GoldenTree believes that SUSHI has tremendous potential to grow in the future.
But the involvement of large investors such as GoldenTree has raised questions regarding the decentralized nature of SUSHI as this is not the first investment made by the firm.
In the meantime, the asset manager will establish a crypto team as part of the GoldenChain launch that will focus entirely on the crypto market.
