Blockchain Wallet May Launch $50M Venture Fund

Blockchain, the largest provider of cryptocurrency wallets, intends to raise $ 50 million for the work of the Blockchain Ventures investment fund. It is reported by Yahoo Finance.

So, the company is allegedly already negotiating areas of work. The fund will invest not only in startups, but also directly in digital tokens, informed sources say. It will be headed by allegedly former Naspers Ventures top manager Samuel Harrison, on whose LinkedIn social network page he is already co-founder of Blockchain.com Ventures.

In addition, it also says that this fund, the existence of which was not previously known, had already invested in Origin Protocol, Coindirect, Sliver.tv and Nodle.

Earlier, Blockchain launched its own bitcoin exchange The PIT, saying that it will become the “fastest” trading platform among existing ones and will allow you to carry out transactions almost instantly.

The company raised totally $70M during 2 financial rounds, which was attended by Google Ventures, Virgin and Lakestar venture fund from Europe.