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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.

By Michael Bellusci
Updated May 11, 2023, 5:55 p.m. Published Jan 24, 2022, 7:30 p.m.
Singapore (Lauryn Ishak/Bloomberg via Getty Images)
Singapore (Lauryn Ishak/Bloomberg via Getty Images)

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.
Venture CapitalFundingThe SandboxWeb 3.0Metaverse

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By Helene Braun, AI Boost|Edited by Nikhilesh De
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The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.

What to know:

  • Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
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