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Singapore VC Blockchain Founders Raises $75M for New Fund
The company has been an early investor in blockchain, crypto, Web 3 and metaverse startups.
Updated May 11, 2023, 5:55 p.m. Published Jan 24, 2022, 7:30 p.m.

Blockchain Founders Fund raised $75 million for its BFF II fund from a range of investors, including NEO Global Capital, AppWorks, and Sebastien Borget, chief operating officer of The Sandbox, a video game and metaverse app, the company said in a release Monday.
- The fund said it has already invested in a number of companies, including decentralized derivatives exchange FXDX and video games tech startup Breshnahttps://breshna.io/about.
- Singapore-based Blockchain Founders Fund has been an early investor in blockchain, crypto, Web 3 and metaverse startups.
- "We're very excited by the enthusiasm and support from key industry leaders to back entrepreneurs that will shape the Web3 ecosystem," Blockchain Founders Fund Managing Partner Aly Madhavji said.
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Kraken continues acquisition streak by buying token management firm Magna ahead of IPO push

The deal adds token lifecycle infrastructure to Kraken’s growing product suite.
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- Payward, Kraken’s parent company, has acquired token operations firm Magna.
- Magna is used by crypto teams to manage token vesting, claims and distributions. It serves 160 clients and had a peak total value locked of $60 billion on its platform last year.
- Kraken has made a string of acquisitions to expand and raised $800 million last year at a $20 billion valuation.
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