SFOX creates an investment fund for cryptocurrencies
This measure, with a budget of 28 million dollars, is backed by one of the founders of Airbnb
The electronic currency investment management company, SFOX, recently announced the agreement for a Series A financing that would be around 28 million dollars.
This was possible thanks to the support of Tribe Capital and Social Capital and the co-founder of Airbnb, Nathan Blecharczyk, who assured that this move was fully supported.
SFOX is known for being a trading platform for institutional investors, personalities and family businesses.
With this new strategy, the company aims to achieve greater volume in the cryptocurrency market, as well as generate greater liquidity.
“This is one of our most important barrier to the adoption of cryptocurrencies institutionally,” said Arjun Sethi, co-founder and partner of Tribe Capital.
SFOX will work from now on to launch to the market of cryptoactive management services, in addition to its current services. They also plan to expand their work team and venture into other regions of the world in the next 12 months.
K. Tovar
Source: PR Newswire
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