Blockchain Wallet May Launch $50M Venture Fund

The informed sources say that the fund plans to invest both in startups in tokens directly too
04 September 2019   1154

Blockchain, the largest provider of cryptocurrency wallets, intends to raise $ 50 million for the work of the Blockchain Ventures investment fund. It is reported by Yahoo Finance.

So, the company is allegedly already negotiating areas of work. The fund will invest not only in startups, but also directly in digital tokens, informed sources say. It will be headed by allegedly former Naspers Ventures top manager Samuel Harrison, on whose LinkedIn social network page he is already co-founder of Blockchain.com Ventures.

In addition, it also says that this fund, the existence of which was not previously known, had already invested in Origin Protocol, Coindirect, Sliver.tv and Nodle.

Earlier, Blockchain launched its own bitcoin exchange The PIT, saying that it will become the “fastest” trading platform among existing ones and will allow you to carry out transactions almost instantly.

The company raised totally $70M during 2 financial rounds, which was attended by Google Ventures, Virgin and Lakestar venture fund from Europe.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   594

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.