One executive at the Ethereum blockchain firm ConsenSys is apparently launching a new blockchain focused investment firm named Aligned Capital. We are talking about the CSO of ConsenSys, Sam Cassatt, who recently announced that the company wants to raise $50 million for its first fund in an official announcement on November 15.
The chief strategy officer has been at the firm for more than five years. He will continue to serve as an advisor to ConsenSys while working as a founding managing partner at Aligned Capital.
As per the official announcement, an investment from Aligned Capital is underway in three major areas including blockchain and crypto, safe artificial intelligence and innovative healthcare. The CSO of ConsenSys, Cassatt, says that he is planning to use the software of the company and collaborate with the startup incubator.
Meanwhile, Aligned Capital is viral in the blockchain latest news because of the high-profile figures backing it such as the founder of ConsenSys and the co-founder of Ethereum, Joseph Lubin, who will serve as an advisor to the firm. An early ConsenSys exec and the managing partner at DARMA Capital, Andrew Keys, is also among the backers. There are other advisors in the likes of Stanford lecturers, co-founders and directors of development, as well as venture partners.
The CSO of ConsenSys and his new blockchain-focused fund is an obvious proof of the overall steady growth of investments in the field of blockchain technology. This was confirmed with a study before, carried out by the identity management firm Okta, which found that as much as 61% of the high-profile digital companies around the world are investing in blockchain.
Cryptocurrency managed to capture the imagination of tons of investors from every corner of the world. The underlying technology, blockchain, is a growing list of records (blocks) which are linked using cryptography. As a futuristic version of money and asset creation, many people believe that cryptocurrency and the underlying blockchain tech will reshape the financial system as we know it.
The news that the CSO of ConsenSys wants to raise $50 million for their newest project is another proof that blockchain is about to get even bigger.
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