Reflective Venture Partners has launched its debut blockchain technology fund alongside RChain Cooperative.
The investment vehicle will invest and incubate blockchain applications and solutions and has a capital pool of 100m RHOC tokens, RChain’s native cryptocurrency.
Reflective is aiming to fund a minimum of 12 blockchain companies over 2018, and will support each startups development and deployment on to the RChain Blockchain platform.
Seattle-based Reflective Venture Partners is a newly-formed blockchain technology investment firm, and originated from a strategic partnership with RChain Cooperative. To support the growth of the RChain platform, Reflective invests and incubates solutions that can be deployed on the blockchain platform.
RChain is a scalable blockchain application platform that is developing a secure system and smart contracts. The company is hoping to build an open-source, decentralized, proof-of-stake platform that improves current blockchain architecture through speed, scale and versatility.
RChain Cooperative president Greg Meredith said, “At RChain we are utilizing the programming language Rholang to address scalability and smart contract security with the intent of developing a blockchain platform that can scale to safely process transaction loads at much greater throughput than current architecture permits. We are thrilled to work directly with Reflective Venture Partners to identify and deploy blockchain start-ups on the RChain platform.”
Last month, RChain raised $29.7m from a private community sale, which will fund the development of its own solution and investing into others.
Earlier in the week, Bankorus partnered with JD.com to support the launch of its new Blockchain and AI accelerator program. AI Catapult will look to support startups from China, as well as other international companies.
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