Coinsilium Group Limited (NEX: COIN), the accelerator that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that it has signed a Memorandum of Understanding (“MoU”) with HyperChain Capital (“HyperChain”), one of the world’s first multi-million-dollar hedge funds investing in Blockchain companies, to collaborate and finance co-investment opportunities in blockchain companies.
• MoU for Coinsilium and HyperChain to forge closer ties and consider co-investment opportunities in blockchain companies
• Since 2016, Singapore-based HyperChain has invested in more than 20 blockchain companies, mainly via their Initial Coin Offerings (‘ICO’)
Investments in Blockchain companies via ICOs have surpassed VC investments in 2017.
HyperChain, led by Stelian Balta, is one of the world’s first large hedge funds investing in blockchain companies and new blockchain protocols via the acquisition of newly issued crypto and application-specific tokens (‘Tokens’).
The collaboration will leverage the parties’ complementary expertise and skillsets for investing in and supporting blockchain companies. Coinsilium and HyperChain are co-investors in social trading crypto platform CoinDash which plans to launch its Token sale this summer.
Investments in Blockchain companies via ICOs have surpassed VC investments in 2017 with over $327m in ICO offerings compared to $295m raised through VC funding as stated in Coindesk on 9 June 2017.
Eddy Travia, Coinsilium’s CEO commented: “We are very pleased to be firming up our relationship with HyperChain following our mutual investment in CoinDash. In this fast-growing market, there are only a few large hedge funds with a focus on Token offerings and fewer still that can claim the experience and aptitude of HyperChain. We look forward to a mutually beneficial collaboration in this exciting new sector.”
HyperChain’s CEO, Stelian Balta, is a tech entrepreneur and global investor with vast trading experience in financial markets and with a clear focus on technology, finance and innovation.
Stelian Balta, CEO of HyperChain stated: “We are very proud to be forming this alliance with Coinsilium who we regard as pioneer investors in blockchain technologies. HyperChain and Coinsilium are early-movers in the blockchain Token investment space and we look forward to identifying co-investment opportunities in innovative blockchain companies and protocols together.”