This increase in the Fund’s net asset value from its previous reported value on March 31, 2022 is mainly to Fineqia’s sponsorship of the Fund in August 2019.

Less than 3% of Fineqia’s current market capitalization is reflected in the initial investment commitment. Investment specifics are being kept under wraps at this time.

IDEO, a worldwide design firm responsible for innovations like Apple’s first computer mouse, along with CSAA Insurance Group’s venture capital arm Avanta Ventures and Korea’s GS Group, are among the investors in the Technology Fund. Executives from big technology businesses such as IDEO, Coinbase, Twitter, and Fortress have also put money into the Fund.

The IDEO CoLab has funded and helped incubate forty-one different blockchain and cryptocurrency enterprises. Forte, a blockchain-based gaming platform; FalconX, an electronic asset trading platform; and Handshake, a decentralised name and certification authority, are all examples of such new businesses.

Source: Prnewswire