Fintech

New venture fund looks to bank on blockchain

With the help of financial institutions, Singapore fund hopes to raise $50m by the end of the year and has set a target of $100m for 2017

The Singapore-based fund wants to help midsize banks get to grips with the blockchain
The Singapore-based fund wants to help midsize banks get to grips with the blockchain

Singapore-based venture capital firm Life.Sreda has joined forces with fintech expert Chris Skinner to launch a venture fund that will invest in blockchain startups.

The Banking on Blockchain Fund is seeking to raise $50 million from banks by the end of the year, and hopes to reach $100 million in 2017.

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