SBI, Sygnum and Azimut Launch $75 Million VC Fund for Crypto Startup Investment

Fazzaco learned that SBI Group, Sygnum and Azimut Group have launched a $75 million venture capital fund to support crypto startups.

Meet the Fazzaco Team at Booth #43 at iFX EXPO International 2021

Sygnum announced that the new fund, based in Singapore, has been incorporated as a Variable Capital Company. The newly established fund will focus on the latest innovations in the global crypto ecosystem.

Fazzaco Lucky Draw Time: Sign up with Fazzaco App to Win Mobile for Free​

The $75 million venture capital fund will focus on Pre-Series A and Series A funding. The fund will support to develop blockchain/distributed ledger technology (DLT) infrastructure, decentralized finance (Defi) solutions and regulatory technology tools.

Ryosuke Hayashi, CEO and Managing Director of SBI Ven Capital, said,“DLT and digital assets are at the inflection point of mainstream adoption, and they have the potential to reduce inefficiencies and unlock new capabilities across several sectors, such as financial services and supply chain management. Amidst this backdrop, we are excited to launch this latest venture capital-focused fund offering with our partners, Sygnum and Azimut.”