New Digital Asset Investment Company Closes Oversubscribed $20 Million Financing
Alex Tapscott, author of ‘Blockchain Revolution’ and former investment banker, has launched NextBlock Global, a new digital asset investment company, and announced the closing of an oversubscribed $20 million financing. With the closing of the financing, NextBlock has become an institutional investor in the digital asset economy. NextBlock will immediately begin to deploy capital, giving investors diversified exposure to the most promising investments in the space.
Founder and CEO, Tapscott remarked: “We are delighted with the outcome of this financing and we are ready to lead in this fast changing and disruptive marketplace. We saw tremendous demand from institutional and strategic investors who are looking to get exposure to this new asset class. Locating in Toronto and in Canada is the perfect strategic fit for NextBlock. Toronto has a deep pool of world-class talent, innovative regulators and banks, and some of the best blockchain startups in the world, and we are excited to contribute to this growing ecosystem.”
NextBlock Co-founder and Chief Investment Officer, Charlie Morris noted: “Blockchain has made the world of venture capital virtually unrecognizable: blockchain entrepreneurs are bypassing traditional gatekeepers and instead conducting vast global crowdsales of digital assets, which to-date have raised over $1.7 billion (CAD) this year. This is the fastest-growing market in the world and one of the most exciting areas to deploy capital.”
Tapscott added: “We believe the future is not something to be predicted, it’s something to be achieved. NextBlock Global has the experience, market-access, strategy and domain expertise to achieve that better future, and we are excited to share that journey with all of our partners and investors. This is only the beginning.”