Blockchain
Cypher Capital Launches USD100 Million Blockchain Fund
Cypher Capital, a private venture capital firm rooted in the UAE and MENA region, announced today the launch of one of the region’s biggest seed funds. The USD100 million seed fund will focus on investments in blockchain, crypto and other digital asset projects who have genuine value propositions.
“We are very proud and honored to be launching our first and the biggest crypto, digital asset and blockchain private seed fund from the UAE and the Middle East Region,” said Bijan Alizadeh, Founder and General Partner at Cypher Capital. Bijan is an experienced crypto and blockchain investor with more than 60 projects under his belt and a strong track record of spearheading blockchain and crypto adoption.
“This fund reflects our vision to be the leading global partner for projects in the blockchain, crypto and the digital asset community. We will collaborate closely with our portfolio projects, offering them access to our network and equipping them with our knowledge, as well as investing alongside other venture capital partners into innovative blockchain, crypto and digital asset projects,” added Bijan.
Cypher Capital will take an entrepreneurial approach to building its portfolio and will focus on seed funding, but taking stakes in GPs and LPs as part of its value proposition as well.
Cypher Capital has already invested USD1.5 million into Crypto Oasis Sentio, showcasing its belief that cooperating with other private venture capital funds builds the blockchain ecosystem. “We aim to cooperate with and expand the ecosystem by working with visionary innovators, outstanding talent and other venture capital partners to create a holistic blockchain community with will in turn, foster the growth of the ecosystem,” commented Bijan.
Bijan has his sights set on making Cypher Capital an industry leader by working alongside other industry leaders, innovators and people with a vision.
Cypher Capital also plans to take a very hands-on approach when it comes to mentoring the projects that it invests in and equipping entrepreneurs with the tools they need to succeed. Its 10,000 square foot crypto, blockchain and digital asset hub, under construction in JBR Dubai, is anticipated to be completed in August 2022, which will welcome crypto enthusiasts, entrepreneurs and startups, and be “the place to be” offering exclusive access and get-togethers for its members and the community.
Vineet Budki, Managing Partner of Cypher Capital adds, “We have the knowledge and expertise to mentor projects and entrepreneurs and equip them with the tools they need for success. At the moment we are especially interested in projects in the DeFi (decentralized Finance), GameFi, and metaverse space but we are always on the lookout for innovative blockchain projects in general.”
According to Crunchbase data, pure venture funding—pre-seed, seed and all venture rounds—in the cryptocurrency space, is already at USD3.4 billion after just the first two months of 2022. A PWC report revealed that USD34 billion was raised by crypto companies globally in 2021.
Bijan Alizadeh already has a strong track record of investing in successful crypto and blockchain startups, some of the names of which include ACDX, a next-generation cryptocurrency derivatives trading platform, the Graph, an indexing protocol for querying networks that offer APIs, Near Protocol, an open source platform that accelerates the development of decentralized apps, Skale, an open source Web3 platform intended to bring speed and configurability to the blockchain and CasperLabs which provides enterprise solutions on Casper, an open source blockchain optimized for enterprise and developer adoption.
Cypher Capital is also working diligently to ensure that the blockchain ecosystem is an environmentally friendly and sustainable industry. One of its initiatives for doing this includes working closely with One Tree Planted, a 501 charity with a mission to help global reforestation efforts and offset carbon emissions, building a greener planet.
“We are stronger as a collective than as a single unit. It is together that we can make a difference. That is why Cypher Capital is not only building its own success, but looking to help others succeed with it, emparting knowledge onto the community and partnering with strong industry leaders to make a dramatic difference and disrupt the blockchain space,” Bijan stated. The Cypher Capital investment team are working around the clock to find the best crypto, blockchain and digital asset projects for Cypher Capital to work with. Various investments have already been made.
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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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