The Swiss Pangea Blockchain Fund debuts after closing the initial round of $ 22 million with the support of cryptoinvestor Roger Vera.
Unveiling this news on Wednesday, Pangea announced that among other investors in this round was the Swiss firm Copernicus Asset Management, regulated by the country's financial market supervisor. Copernicus is also the fund’s investment manager.
Pangea will invest in blockchain “transformative” startups around the world to provide them with early-stage capital gains and other resources. The goal is to focus on the blockchain's “commercial and industrial applications” technology, and there are no plans to invest in cryptocurrency, the foundation said.
Blockchain Investment Advisory Sagl is the fund's Swiss investment advisor, while the US-based Blockchain Investment Advisory LLC acts as a sub-advisor. Pangea plans to limit the collection of $ 200 million.
James Duplessy, co-founder of Blockchain Investment Advisory Sagl, believes that the blockchain technology "will fundamentally change the way society works, conducts operations, manages and brings new concepts to life."
Maggie Rokkum-Testi, Chief Investment Officer of Copernicus Asset Management, added that the options for using "transparent, verifiable data transaction register are endless."
Blockchain Investment Advisory Sagl will also launch a Swiss incubator, which will be called Ticino Labs in the coming months.
Unveiling this news on Wednesday, Pangea announced that among other investors in this round was the Swiss firm Copernicus Asset Management, regulated by the country's financial market supervisor. Copernicus is also the fund’s investment manager.
Pangea will invest in blockchain “transformative” startups around the world to provide them with early-stage capital gains and other resources. The goal is to focus on the blockchain's “commercial and industrial applications” technology, and there are no plans to invest in cryptocurrency, the foundation said.
Blockchain Investment Advisory Sagl is the fund's Swiss investment advisor, while the US-based Blockchain Investment Advisory LLC acts as a sub-advisor. Pangea plans to limit the collection of $ 200 million.
James Duplessy, co-founder of Blockchain Investment Advisory Sagl, believes that the blockchain technology "will fundamentally change the way society works, conducts operations, manages and brings new concepts to life."
Maggie Rokkum-Testi, Chief Investment Officer of Copernicus Asset Management, added that the options for using "transparent, verifiable data transaction register are endless."
Blockchain Investment Advisory Sagl will also launch a Swiss incubator, which will be called Ticino Labs in the coming months.
