Swiss Pangea Blockchain Fund to Raise $22M

Copernicus Asset Management SA and Roger Ver took part in the seed funding round
28 February 2019   308

The Swiss Pangea Blockchain Fund announced on Wednesday, February 27, the closure of a preliminary financing round of $ 22 million and the official launch of an international fund that will focus on “transforming blockchain solutions”.

In a press release, the company said that the company attracted a group of well-known investors, including the financial group Copernicus Asset Management SA and the owner of Bitcoin.com, Roger Ver. Copernicus will also act as an investment fund manager.

The exact amounts of the parties' investments were not disclosed, however, as the company emphasized, its plans to raise a total of $ 200 million.

It is also noted that Pangea Blockchain Fund does not intend to invest in cryptocurrencies - instead, the company will offer seed capital and other resources to startups whose products will be focused on the commercial and technical use of blockchain technology.

Earlier, Roger Ver expressed a desire to invest in the OpenNode processing service, but was refused.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   80

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.