FinTech Collective raised $250 million for new DeFi strategy | DeFi Check
FinTech Collective raised $250 million for new DeFi strategy
FinTech Collective, a venture capital firm investing in fintech and digital assets, has raised $250 million in new capital. Here's how it will dispose of it.
The $200 million will be invested in the firm's existing early-stage strategy, which focuses on financial technology and digital assets, while $50 million will be allocated to the newly formed Decentralized Finance Fund (DeFi).
According to the announcement, the DeFi fund will invest in both stocks and tokens related to "compliant financial protocols and open-source applications that are built on smart contract platforms such as Ethereum."
Fintech Collective was "one of the first venture capital firms to recognize the fintech opportunities that emerged from the global financial crisis."
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