$75 million will be allocated to support promising companies from the United States and other countries

​Tribe Capital creates a fund to invest in cryptocurrency startups

19.10.2021 - 07:30


1 min

What's new? The investment company Tribe Capital, known for supporting cryptocurrency exchanges such as FTX and Kraken, has created a fund of $75 million. The funds are planned to be invested in promising startups in the digital assets business.

What is known about the new fund? Up to 75% of the fund's money will be used to support American companies, and 25% will be given to companies from other parts of the world. Tribe Capital will focus on procedures such as the buying early-stage tokens , farming, mining and participation in SAFT investment contracts.

One of the fund's first investments was the financing of the Floating Point Group, asset storage and trading platform. The amount of funds invested in the series A round was $10 million.


Michael Golikov Michael Golikov

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy