Norway


Switzerland-based Pangea is making its debut after closing a $22 million seed round by investor Roger .

Announcing the news on Wednesday, Pangea said other investors in the round included Copernicus Asset Management, a Swiss firm regulated by the country’s Market Supervisory Authority. Copernicus is also acting as investment manager for the fund.

Pangea will in “transformative” blockchain around the world to provide them with an early-stage capital boost and other resources. The aim is to focus on the “commercial and industrial applications” of blockchain technology, and there are no plans to invest in , the fund said.

The fund’s Swiss investment advisor is Blockchain Investment Advisory Sagl, while U.S.-based Blockchain Investment Advisory LLC is acting as sub-advisor. Pangea expects to cap its fundraising at $200 million.

James Duplessie, co-founder of Blockchain Investment Advisory Sagl, said he believes blockchain technology will “fundamentally alter the way society collaborates, transacts, governs and brings new concepts to life.”

He continued:

“Blockchain technology has the potential to change the nature of the systems that lie beneath the things we do every day and could be the greatest driver of value creation in our lifetime.”

Maggie Rokkum-Testi, chief investment officer of Copernicus Asset Management, added that the use cases for “a transparent, verifiable register of data transactions are endless.”

Blockchain Investment Advisory Sagl will also launch a Swiss-based incubator to be called Ticino in the coming months.

Roger Ver image via CoinDesk archives 



Source link
thanks you RSS
( https://www.coindesk.com/blockchain-fund-launches-with-22-million-round-backed-by-roger-ver)

LEAVE A REPLY

Please enter your comment!
Please enter your name here