Blockchain
Fully Regulated Fund ‘Skynet EGLD Capital’ Raises $40M+ USD to Invest in the Elrond Ecosystem
Zurich, Switzerland–(Newsfile Corp. – April 14, 2022) – Skynet EGLD Capital, the first licensed fund to accept in-kind subscriptions in Elrond Network blockchain’s native currency EGLD, announces it has raised more than USD 40 Million for supporting the development of the Elrond ecosystem.
Skynet EGLD Capital is the brainchild of the founders of Skynet Trading, an algorithmic trading software and consulting firm that grew its portfolio to 100+ Million USD daily turnover in under 3 years. They will leverage their knowledge and expertise in synergy with the resources and tools at their disposal to accelerate the growth of the Elrond Network ecosystem.
“We have personally been strong supporters of the Elrond team and the technology they are developing since the beginning,” said Jordy Fiene, Founding Partner at Skynet EGLD Capital. “The network is rapidly maturing and new waves of builders are joining the ecosystem at an unprecedented pace. This is the perfect time to double-down on our commitment and support Elrond’s journey.”
With strategic backing from the Elrond Foundation, Morningstar Ventures, Spark Digital Capital, Woodstock, Verko and others, Skynet EGLD Capital will be solely focused on accelerating the development of the Elrond ecosystem by providing support for startups in the form of capital, advisory and facilitation of access to new markets and high value collaborations.
In addition to its backers, the fund has the additional support of Binance Institutional, MEXC, Huobi Global, Kucoin and Bitmart, who jointly seek to encourage the development of the Elrond ecosystem.
“Powerful verticals such as Web3 payments, DeFi 2.0 and the Metaverse are joined by strong support from our strategic backers and partners, to form a nexus of forces that will drive the next superwave of growth for the Elrond ecosystem,” said Beniamin Mincu, Elrond Network Co-Founder and CEO. “As a fully regulated fund with vast amounts of liquid capital and the capabilities to attract even more from the institutions racing to be part of the Web3 innovation wave, Skynet EGLD Capital will provide the shortest path to sustainable development and new markets for the most ambitious innovators building with Elrond blockchain technology.”
Skynet EGLD Capital accepts new subscriptions in EGLD on a quarterly basis. Besides the native token of the Elrond Network (EGLD), the fund also accepts subscriptions in USD through their partner Signature Bank NY which allows institutional investors, family offices and HNWI’s to invest in a diversified portfolio.
The entirety of the USD 40+ Million was raised in less than 2 weeks. Significant amounts of capital have already been deployed in different baskets consisting of investments into flagship Elrond projects such as Itheum, delegations towards validated Elrond Network staking providers and balanced positions in Maiar Exchange products.
The firm is available for inquiry from interested institutional investors or startups seeking funding at [email protected].
Media Contact
Contact Name: Dan Voicu
Contact Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120421
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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