Crypto exchange Kraken launches venture fund

Kraken, a top 5 digital asset exchange as ranked by Coinmarketcap, has launched its new venture fund called Kraken Ventures.

Kraken Ventures targets early stage companies operating in the crypto and fintech space.

The fund will also look at innovative protocols and decentralized finance within the blockchain ecosystem.

Broadening the investment mandate, Kraken Ventures will also consider investments in startups operating in the Artificial Intelligence, Machine Learning, Reg Tech and Cybersecurity.

As we enter the crypto industry’s next growth phase, Kraken Ventures will support entrepreneurs in making the financial system more open, inclusive, and transparent. With a strong team in place, Kraken Ventures offers the right combination of resources to bring the best ideas to their full potential. We’ve arrived at the point where crypto is starting to show its true potential, transforming the financial services industry and creating truly global, digital economies.”
Jesse Powell, co-founder and CEO of Kraken

Kraken Ventures will be led by Brandon Gath who possessed 20 years of crypto and financial services experience.

Brandon Gath, General Partner of Kraken Ventures said: “Fintech and specifically crypto technology provides the opportunity to drastically change how businesses and consumers exchange and store value, invest, lend, borrow, and conduct global commerce.

We take a long-term view on investing to add value from inception through each growth phase of our portfolio companies’ evolution.

We will take a hands-on approach with our portfolio companies to provide guidance, new commercial opportunities and additional capital support.

The possibility to leverage Kraken’s experience building a truly global, scalable platform enables us to support our portfolio companies from inception to market leadership. We’ve already identified some of the best opportunities out there and expect to announce our first investments in the near future.”

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Source: supercryptonews.com

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