China: Asia LP partners Kapinvest 21 to launch cryptocurrency venture fund

Bitcoin, cryptocurrency & electronic finance

Russian venture capital firm Kapinvest 21 has launched FinShi Capital, a venture fund based on cryptocurrencies, in partnership with a group of unnamed Chinese investors, Asia LP.

This fund will target blockchain and fintech projects in Russia and beyond. It commenced selling pre-ICO (Initial Coin Offering) tokens on June 15. This permits token owners to become investors in the fund through an Ethereum contract. These tokens will be collateralised with its equity stakes in its portfolio fims.

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