Swiss accelerator and venture capital firm Blockchain Valley Ventures (BVV) is expanding its reach to Asia by opening up a regional office in Singapore, it said in a statement.
The regional office will begin its operations in early 2019, where BVV will work with its key strategic partners including Singapore’s SGInnovate to bridge European and Asian investors and tech startups.
The firm is a spin-off from Swiss global blockchain-powered exchange marketplace Lykke Corp.
“We see Singapore as a top global financial market that is blockchain-friendly and in the center of the Asia-Pacific region. Similar to Switzerland, we believe Singapore is the ideal location to establish operations with the view of engaging fast growing blockchain community in the ASEAN region and Asia, bringing now our know-how from the Swiss blockchain market here.
“Rapid deployment of blockchain technologies and to some extent the rising crypto-currency market are key drivers for the exponential growth in the Asia-Pacific region. Four out of the five top crypto exchanges in the world are located in Asia,” said BVV founder and managing partner Heinrich Zetlmayer.
According to BVV, its strategy for funding new businesses is a hybrid of two financing forms – traditional VC model and the Security Token Offering (STO) model. The firm said it has successfully supported several Swiss companies in their token offerings.
BVV’s services also include capital investments through its own funds and investment vehicles such as the Blockchain Investment Opportunities Note, a cooperation with global investment firm Vicenda Asset Management.
The vehicle currently has a size of CHF10 million ($9.95 million) with an initial focus on Swiss and Europe-based investment opportunities. BVV said it looked forward to expanding and gaining exposure to Asian investment opportunities and investors.
“BVV is not a passive investor. We play an active role to develop our portfolio companies and help them scale their business. Through financial, managerial as well as technology expertise, BVV actively supports its portfolio companies to help maximize their success potential thereby reducing risk and accelerating growth. We have been a thought leader in security token offerings combining this with our managerial experience of building, growing and managing large scale global businesses.
“We strive to be a true accelerator pushing the growth of the most promising portfolio companies. BVV’s value realization strategy is to seek exits through STOs or trade sale to strategic buyers. Our long-term goal is to become a leading venture capital investor for crypto and blockchain enabled businesses,” said Zetlmayer.