Blockchain Investment Fund Seeks $100 Million from Major Banks
A new investment fund is seeking to raise as much as $100m over the next two years to fuel investments in the blockchain space. Founded by financial technology consultant Chris Skinner and Singapore-based venture capital firm Life.Sreda, the Banking on Blockchain Fund is hoping to raise $50m by year's end, with an additional $50m to be raised by the end of 2017. Life.Sreda, whose portfolio focuses primarily on FinTech and payments, has committed $5m thus far, according to a report by Financial News. Those involved with the new initiative include Thomas Labenbacher, who will serve as....
Related News
Private equity firm BnL Growth Partners has joined a multi-million dollar fund to facilitate blockchain advances for smaller finance institutions in Europe. BB Fund is a ‘Huge Opportunity’. BnL, formed by ex-specialists from tech giant IND Group, will administer the Banking On the Blockchain (BB) Fund as “lead partner” along with the fund’s creator,....
A16z has launched a new fund that seeks to invest $600 million in gaming experiences including Web3 and metaverse. The fund, which seeks to build the future of the gaming industry, aims to back several startups and projects in different areas including gaming studios, the intersection of gaming and consumers, and infrastructure. This move complements the investments that the VC has made in other gaming and metaverse-involved startups.
A16z Doubles Down on Gaming
Executives at a16z seem to be enticed by the intersection of metaverse, Web3, and gaming happening now in the industry.....
Genesis Mining, a well-known Bitcoin mining service, has announced the launch of the first Bitcoin Mining Fund. The fund, known as Logos Fund, is the first SEC-registered Reg D fund, and has already gathered over $100 million USD in interest from both investment groups and individuals. Genesis Mining has committed $1 million of their own capital to seed the fund and enable growth. The Genesis Mining Fund. Genesis Mining CEO Marco Streng told Bitcoinist: “After receiving over $100,000,000 in inquiries from large-scale private investors and investment funds, we decided to launch an....
On August 28, a crypto wallet associated with 1inch Investment Fund, “0x225d3822de44e58ee935440e0c0b829c4232086e”, bought 6,088 Ether (ETH) at $1,655 spending $10 million on the trade, data from Lookonchain, a blockchain analysis platform, shows. The fund is linked with 1inch Network, the decentralized exchange (DEX) aggregating protocol that is also one of the largest platforms by total value […]
In June, Bitcoin Magazine reported that Bitcoin investment fund Bitcoin Capital raised more than $1 million on the equity crowdfunding platform Bnk To The Future. Bitcoin Capital, a high-risk, high-return fund, is run by renowned financial journalist Max Keiser and Simon Dixon, co-founder of Bnk To The Future, an online investment website for crowdfunding small businesses mainly focused on financial innovation. They have now launched a second tranche for $5 million to invest further in the sector. A recent Bnk To The Future press release titled "$10 million for Bitcoin and Financial....