Summary
- Standard Chartered's venture capital arm, SC Ventures, said it is planning to set up a fund for virtual asset investments.
- SC Ventures plans to raise a USD 250 million fund and said it intends to attract funds from Middle Eastern investors next year.
- Another USD 100 million fund that SC Ventures is pursuing is focused on investments in Africa, and it said it is unclear whether that fund will be linked to virtual asset investments.
SC Ventures, the venture capital arm of Standard Chartered, is planning to set up a fund for virtual asset (cryptocurrency) investments.
On the 16th (local time), Bloomberg reported that SC Ventures plans to raise a USD 250 million fund aimed at virtual asset investments in the financial services sector. To this end, it intends to attract funds from Middle Eastern investors next year.
Meanwhile, SC Ventures is also pursuing a USD 100 million fund focused on investments in Africa. However, it is unclear whether that fund will be linked to virtual asset investments.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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