According to the latest reports, Cryptology Asset Group has made a huge announcement for Venture Capital firms for cryptocurrencies. The firm has announced that it will be offering support to the Venture Capital firms that are dealing with cryptocurrencies.
Cryptology Asset Group is an investment outfit that is based in Malta and has been co-founded by serial entrepreneurs. Some of the most prominent entrepreneurs include Christian Angermayer and Mike Novogratz.
The firm has announced that it has plans to float investment worth $100 million and the announcement has been made on Thursday. The firm has revealed that it would be investing $100 million in cryptocurrency funds that are introduced for the first time.
The firm has also revealed the approach it is going to use in order to build its portfolio for cryptocurrencies. According to Cryptology Asset Group, it would go with the entrepreneurial approach in order to execute its plan. The company will be doing this by exerting its focus and resources on emerging GP seeding and managers.
Mike Novogratz is among the top proponents of cryptocurrencies but in the past, he used to be a strong opposer of it. However, as cryptocurrencies and Bitcoin (BTC) continued showing their might and promising outcomes, Mike Novogratz joined the ranks with the likes of Michael J. Saylor.
Mike Novogratz is the CEO of Galaxy Digital, which is also paying very close attention to cryptocurrency markets and trends. Despite the current downfall in the industry, Mike Novogratz has not backed down from supporting it.
Instead, Novogratz is looking for new ways of adopting cryptocurrencies and bringing more exposure to the industry. In order to provide full support and backing to the cryptocurrency and blockchain industry, Mike Novogratz supports the idea of forming a company for the very purpose.
This is how Cryptology Asset Group came into being and it is constantly growing its services and coverage to the entire crypto-verse. The company has gained a tremendous amount of recognition and respect among the new and old crypto firms alike.
The company has invested huge sums of money in different cryptocurrency managers as well as mining operations for cryptocurrencies. Some of the most prominent investments made by Cryptology include Northern Data, which is a Bitcoin (BTC) mining operator. Then here are Iconic Funds, which is a cryptocurrency asset manager.
Furthermore, Cryptology is also focused on providing indirect exposure to Block.one, which is an EOS developer. On top of that, Cryptology Asset Group has also made the announcement of launching its cryptocurrency technology company.
The name of the particular tech company is Bullish Global, which at the time of launch would be valued at $10 billion. For Cryptology Asset Group, the cryptocurrency industry is on the verge of evolving into an enormous empire and the company has full intentions of leading it.