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SBI, Sygnum, and Azimut Jointly Established a $75M Venture Capital Fund for Crypto Startups
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blockchain.newsJapanese financial giant SBI Group, Swiss bank of digital asset management Sygnum, and Italy's Azimut Group jointly raised a $75 million venture capital fund in Singapore Thursday, aiming to invest in capable start-up companies in the digital asset field.
This new fund company brought together the capital of these three companies with senior experience in the field of digital assets and registered as a variable capital company.
SBI Venture Capital will assume the management position of the fund and will lock the investment target to focus on the pre-A round and A round companies who aim at the development of blockchain/distributed ledger technology (DLT) infrastructure, decentralized finance (DeFi) solutions, and regulatory technology
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