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VC Firm White Star Capital Raises $50M for Crypto and Blockchain Fund

The fund has already invested in six firms, including the Safello crypto exchange.

Na-update May 9, 2023, 3:19 a.m. Nailathala May 20, 2021, 12:55 p.m. Isinalin ng AI
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White Star Capital, a tech-focused venture capital firm, has closed a $50 million fund dedicated to investing in blockchain firms and cryptocurrency networks.

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  • Announced in an emailed press release on Thursday, White Star said the Digital Asset Fund had passed its original target of $20 million and is backed by institutional investors and corporations including Bpifrance and Ubisoft.
  • The news marks White Star's first specialized blockchain and digital assets fund.
  • The digital assets fund will be managed by White Star general partner Sep Alavi and principal investors Thomas Klocanas and Sanjay Zimmermann.
  • It will initially invest between $500,000 and $3 million into 15 to 20 startups, focusing primarily on North America and Europe.
  • Six investments have already been made in firms including dfuse, Multis, Paraswap, Rally, Ledn and Safello, a Swedish crypto exchange that recently went public on the Nasdaq First North.

Also read: 5 New Funds Bring $100M to Boost Growth of the Solana Ecosystem

Higit pang Para sa Iyo

Japan's SBI to issue 10 billion yen onchain bond with XRP rewards for retail investors

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

The SBI START Bonds offer a fixed interest rate, blockchain settlement, and XRP rewards for eligible investors registered on the firm’s exchange.

Ano ang dapat malaman:

  • SBI Holdings is launching a 10 billion yen blockchain-based bond for individual investors.
  • The SBI START Bonds offer a fixed interest rate, blockchain settlement, and XRP rewards for eligible investors registered on the firm’s exchange.
  • SBI Holdings has long supported XRP, and the company owns 9% of Ripple Labs, according to its Chairman and CEO Yoshitaka Kitao.