Babel has evolved from a crypto lending business targeting miners and others into a comprehensive crypto asset manager for institutional investors. The growth of Babel Finance, which offers a suite of institution-facing crypto financial products, could be an indicator of how banks, investment funds, and other traditional investors are embracing the emerging digital asset class. Itβs one of the many crypto firms to have recently opened an office in Singapore, which is competing with Hong Kong to be the crypto nexus of Asia.