May 26, 2024
Business

Crypto 1 Announces Its $500M C1 Secondaries Fund in Blockchain, Crypto and Web3 Companies

DUBAI, United Arab Emirates — Crypto 1 announces the founding of the C1 Secondaries Fund (the “Fund”), a newly incorporated investment fund targeting $500M investing in secondaries in Blockchain, Crypto, Web3 and FinTech companies.

The C1 Secondaries Fund is a regulated private investment fund formed for the purpose of investing in secondaries asset acquisition – the purchase of shares in existing private growth companies. The C1 Fund portfolio focuses on digital assets, blockchain technology and applications, cryptocurrency services (not direct investment in cryptocurrencies), Web3 financial applications and advanced FinTech. Sample target company applications include digital assets and cryptocurrency exchanges, payment systems and/or related financial services companies, including wallets, custodian-services, lending and decentralized finance. The Fund will invest across multiple geographies but with a focus on secondaries investments in international markets, especially those with strong and/or growing regulatory regimes.

Last Updated on 1 year by Middle East News 247

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