NextBlock Global, a new Toronto-based investment firm that will focus on the emerging digital asset sector, announced on Monday that it has raised $20 million in financing.
The firm indicates that it will invest in companies that are working in the fledgling digital asset sector, which includes the development and deployment of blockchain technology and virtual currencies that utilize blockchain technology.
“We saw tremendous demand from institutional and strategic investors who are looking to get exposure to this new asset class,” says Alex Tapscott, founder and CEO of NextBlock Global, in a statement.
“Toronto has a deep pool of world-class talent, innovative regulators and banks, and some of the best blockchain startups in the world,” he adds, “and we are excited to contribute to this growing ecosystem.”
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