Banzai Capital is launching a brand new cryptocurrency hedge fund, a good way to make it the primary completely regulated, certified and audited cryptocurrency hedge fund withinside the world. The fund could be led through former JP Morgan government Michael Novogratz, who could be joined through OnChain Capital co-founder and CEO Jeff Jones.
##Banzai Capital has raised $one hundred million for its new crypto fund (Bloomberg)
Banzai Capital introduced these days that it has closed on $one hundred million in investment to release a brand new cryptocurrency hedge fund. The organization`s inaugural fund will recognition on making an investment in blockchain property in addition to different cryptocurrencies. The organization stated it has already finished due diligence on a few one hundred blockchain businesses and expects that range to double over the subsequent 12 months or two.
The organization plans to invest in undervalued blockchain businesses which have sturdy capacity for increase and fee creation. It additionally plans to put money into early degree tasks which are constructing ecosystems round blockchain technology.