Investment Fund Moves to Capitalize on Ethereum Ecosystem

in ethereum •  7 years ago 

Investment Fund Moves to Capitalize on Ethereum Ecosystem

One of Canada's largest investment funds is hoping to leverage the ethereum ecosystem through a new venture.

Ethereum Capital, a recently incorporated entity formed primarily by Canadian investment group OMERS, is raising $50 million and preparing for a reverse-takeover procedure. When the funding round is completed on Feb. 16, the company will invest the funds in both ether tokens and blockchain startups, according to a press release.

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7 years ago by

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