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Venom Foundation collaborated with Iceberg Capital launched $1 billion VVF 

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Indrani bose Follow

INDIA

Jan, 18 2023

Jan, 18 2023

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Venom Foundation is the first Layer-1 blockchain certified and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital which is an ADGM-regulated investment manager, have officially announced their partnership and also revealed that they are launching the Venom Ventures Fund (VVF).


The blockchain-agnostic fund will invest in cutting-edge protocols and Web3 dApps, with an emphasis on long-term trends including payments, asset management, DeFi, banking services, and GameFi. Iceberg Capital's network, financial, technical knowledge, capabilities and marketing support will be leveraged by Venom Ventures Fund (VVF) to provide incubation programmes and access to an enormous industry network. Furthermore, it will provide marketing, exchange listing, technical, legal, and regulatory support to the investee projects.


The fund's leadership team includes some of the world's most experienced traditional finance and blockchain professionals.


Iceberg Capital will manage the fund, which will invest in projects and teams from pre-seed to Series A rounds. It will endeavour to accelerate blockchain, DeFi, and Web3 adoption while creating long-term value for investors.


The Abu Dhabi Global Market (ADGM) is an international financial centre and free zone with a world-class legal framework and regulatory regime for market players. Venom Ventures Fund (VVF), established and run by ADGM-regulated businesses, will be transparent and follow the rules.


About Iceberg Capital 

The Iceberg Capital Limited is licensed under the Prudential Category 3C investment manager regime by the FSRA. Iceberg Capital is a rapidly expanding alternative asset management firm that offers diversified investment management platforms such as direct and private equity, venture capital, technology, and virtual asset management. Iceberg Capital also provides standard asset management services, such as investment portfolios in domestic and foreign markets, financial instruments (equities, ETFs, commodities, derivatives, and so on), and specialised platforms for securities and blockchain technology. The Venom Foundation.


About Venom Foundation 

Venom is the world's first controlled blockchain. The ADGM has control over the decentralised network, which has a licence to issue utility tokens. Various firms have established a portfolio of in-house dApps and protocols on the Venom blockchain. Now has the potential to serve as a bridge for the adoption of CBDCs in the Middle East and North Africa. 

 


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Indrani bose

CBW - External Analyst

INDIA

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