- Singaporean venture capital firm Golden Gate Ventures is launching what it bills as Southeast Asia’s ‘first dedicated VC cryptocurrency fund’ with $10 million in investment capital.
- The VC firm said on Friday. The fund will be led by Golden Gate’s former head of growth Kenrick Drijoningen, who will assume the role of its founding partner.
- Firms looking to introduce crypto assets and blockchain technology to “institutional services” will also be favored according to Drijkoningen.
- Commitment to Singapore-based Sparrow Exchange [a peer-to-peer crypto options trading platform] already.”
- Thai-based Ethereum blockchain startup Omise in the latter’s development of a decentralized payments platform powered by OMG, an ERC20 cryptocurrency token.