Mike Novogratz-backed firm announces $100M crypto investment fund

Cryptology Asset Group would like to spend $100 million into brand new crypto and blockchain-focused venture funds.
Cryptology Asset Group, a Malta-based investment outfit Founded by successive entrepreneurs Mike Novogratz and Christian Angermayer, is put to provide aid for crypto VC firms.In a release issued on Thursdaythat the European holding company announced plans to float a $100-million investment into first-time crypto funding. Included in this statement, the investment outfit revealed it will embrace an entrepreneurial approach in building its own crypto finance portfolio with a focus on emerging supervisors and GP seeding.Cryptology already has a significant footprint in the crypto and blockchain space with branches in the likes of crypto strength manager Iconic Funds and also Bitcoin (BTC) mining operator Northern Data.Indeed, Cryptology also supplies direct exposure to EOS programmer Block.one and its newly announced $10-billion crypto tech firm Bullish Global.Commenting on the projected investment finance, Cryptology co-founder Angermayer said:”We’re at the very beginning of the crypto revolution, and we strive to become one of the major international investors inside this exact nascent asset class. Our finance investment strategy will focus on emerging talent, taking a global approach, and will encompass both funds investment in equity stakes of both crypto and blockchain-related firms in addition to funds investing in crypto assets and tokens.” For Patrick Lowry, CEO of Cryptology, the organization’s increased focus in the crypto marketplace can be found in how the business represents the ideal investment wager. Lowry stated that Cryptology has grown its assets under management to $548 million out of the initial capital investment of roughly $33 million.According into Lowry, the Malta-based firm has enjoyed an estimated internal rate of return north west of 300% per year. The CEO credited the organization’s positive growth functionality to the”tectonic shifts” triggered by the emerging crypto strength class.

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