Zilliqa Capital today announced its launch as a Singapore-based company that aims to become the “central business and investment hub” for the Zilliqa Research blockchain platform.
In a press statement, Zilliqa Capital explained that it will invest in Ziilliqa’s native utility token ZIL as a strategic asset. It will selectively invest in Zilliqa and relevant non-Zilliqa businesses.
The firm aims for investments across Southeast Asia (SEA) and India, particularly in decentralised and fintech solutions across investing, wealth management, insurance, lending, payments, and remittances, as well as critical infrastructures that will enable Web 3.0.
The firm also announced Michael H. Conn, Co-Founder and former CEO of Ether Capital, as its CEO and Co-Chief Investment Officer. Conn’s past experiences include senior leadership positions at AllianceBernstein, Société Générale, Trust Company of the West, AsiaVest, and Quail Creek Ventures.
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Zilliqa Research blockchain’s Co-Founder, President, and Chief Scientific Officer Dr Amrit Kumar will also serve as Co-Chief Investment Officer and Director.
In an email to e27, Conn further explained the firm’s investment plans, stating that its involvement can be from the accelerator level, through seed, Series A, and beyond.
“Zilliqa Capital’s strategy will be driven by a strategic holding in the Zilliqa platform while simultaneously nurturing and investing in Web 3.0 projects with high-growth potential across the broader blockchain ecosystem. Our mission is to grow the financial ecosystem across Southeast Asia and India, by investing in financial technology and decentralised applications and use cases in areas such as investments, insurance, lending, payments, and remittances. We are geared towards financial inclusion and helping bring real-world solutions to the unbanked and underbanked in the region,” he wrote.
The Zilliqa Blockchain is being used by fintech companies such as Xfers for its Singapore-Dollar-backed stablecoin and regulated exchange HGX.
Its ecosystem also includes startups such as Unstoppable Domains, Mintable, Switcheo, Xanpool, Transak, Coin Rule, and Elliptic.
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