Roger Ver Leads the Pangea Blockchain Fund Charge in $22 Million Investment Round
The Pangea Blockchain fund is based out of Switzerland. It aims to have blockchain-driven solutions that will transform the world (yes, the world, not just digital economies) and it's trying to raise $200 million to support that goal.
And it just secured $22 million from Roger Ver (Bitcoin.com CEO) as announced in a press release published just today. But Pangea already has other investors waiting in line to join the club. One of them is Copernicus Asset Management.
Copernicus is a Swiss firm, based in Lugano, which is regulated by the Swiss Financial Market Supervisory Authority. This “title” is not just about red tape; it means it's 100% legit even by traditional financial standards. Copernicus will also serve as the fund's investment manager.
So what does Pangea means by “transform”? It means locating blockchain startups all around the world that can come up with “commercial and industrial applications” of blockchains. It's all about blockchain; the plans do not include investing in digital assets at all.
Advisory Sagl will serve as sub-advisor. James Duplessie founded it, and he's on the record saying that the blockchain will:
“fundamentally alter the way society collaborates, transacts, governs and brings new concepts to life.” He went on to say that “Blockchain technology has the potential to change the nature of the systems that lie beneath the things we do every day and could be the greatest driver of value creation in our lifetime.”
Galileo's chief investment officer, Maggie Rokkum-Testi had something to add, commenting that the use cases for “a transparent, verifiable register of data transactions are endless.”
Pantera Capital, a Crypto hedge fund recently let the world know that the fund has already sealed $130 million in investments and the US-based Curv also announce that $6.5 million were ready to create a key-free digital system. A wallet for financial institutions.