Decentralized platform, Zilliqa has announced the launch of Zilliqa Capital, an investment hub for the Zilliqa blockchain ecosystem in Asia. The latest investment firm looks to nurture entrepreneurs and developers across Southeast Asia and India to position Zilliqa as the blockchain platform of choice. Zilliqa is the first public blockchain known to implement sharding on its mainnet for delivering high scalability solutions.
Zilliqa Capital to Invest in Blockchain Ecosystem in Asia
Zilliqa Capital will be led by finance veteran Michael H. Conn, the former Co-founder and CEO of Ether Capital, the first Ethereum-focused publicly-traded company. He has extensive experience in working in both the traditional financial industry as well as the crypto space.
Conn previously served in senior leadership roles at AllianceBernstein, Société Générale, Trust Company of the West, AsiaVest, and Quail Creek Ventures.
Michael H. Conn assured on serving the unbanked and underbanked across the ASEAN and India region through Zilliqa Capital:
“At Zilliqa Capital, we are firm believers in the long-term, life-changing potential of blockchain technology, reflected in our support for promising projects striving to serve the unbanked and underbanked across the ASEAN and India region.”
Meanwhile, Zilliqa co-founder, President, and Chief Scientific Officer, Amrit Kumar, will serve as Zilliqa Capital’s co-Chief Investment Officer and Director.
In the announcement release, Dr. Amrit Kumar said:
“Zilliqa Research will leverage its strategic relationship with Zilliqa Capital and therefore developers and startups building on the Zilliqa platform will have to look no further for their immediate funding needs.”
Eyeing on Investing in Disruptive Technologies
Zilliqa Capital has been founded by a team of experienced Board of Directors and management teams and has the capital and experience to support businesses and invest in disruptive technologies. The intention behind setting up the investment firm is for investing in decentralized and fintech solutions across multiple sectors for enabling Web 3.0.
The investment firm will further invest in Zilliqa’s native “ZIL” token as an investment device including relevant non-Zilliqa based businesses.