Singapore-based blockchain investment company Zilliqa Capital launched its Southeast Asian financial ecosystem, which will invest in Zilliqa’s native utility token ZIL.
It will also selectively invest in Zilliqa as well as relevant non-Zilliqa-based businesses.
The goal of Zilliqa Capital is to “operate as a permanent capital, ecosystem-focused investment company,” that will invest in decentralised and FinTech solutions across investing, wealth management, insurance, lending, payments and remittances, as well as critical infrastructures that will enable Web 3.0, it said.
Through a network of strategic investments, Zilliqa Capital aims to nurture entrepreneurs and developers to boost Zilliqa’s position across Southeast Asia and India.
Zilliqa is a public blockchain platform operating as an on-chain solution to preserve decentralisation and enable greater scalability.
Michael Conn will lead Zilliqa Capital and will be joined by Amrit Kumar, Zilliqa Research blockchain’s co-founder, president and chief scientific officer, who will serve as its co-chief investment officer and director.
Conn, was the co-founder, CEO and director of publicly-traded Ethereum-focused company Ether Capital, is bullish about the firm’s future plans.
Conn said, “Over time, the fintech industry has made significant inroads in realising the vision of its earliest players: an equitable financial ecosystem, distinguished by accessibility, efficiency, and composability.
“At Zilliqa Capital, we are firm believers in the long-term, life-changing potential of blockchain technology, reflected in our support for promising projects striving to serve the unbanked and underbanked across Southeast Asia and India.”
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