Coinsilium Group Limited (NEX: COIN), the accelerator that finances and manages the development of early-stage blockchain technology companies announced today that it has signed a Memorandum of Understanding (MoU) with HyperChain Capital, one of the world’s first hedge funds investing in blockchain companies, to collaborate and finance co-investment opportunities in blockchain companies.
The collaboration will leverage the parties’ complementary expertise and skillsets for investing in and supporting blockchain companies. Coinsilium and HyperChain are co-investors in social trading crypto platform CoinDash which plans to launch its token sale this summer.
HyperChain, led by CEO Stelian Balta, is one of the world’s first large hedge funds investing in blockchain companies and new blockchain protocols via the acquisition of newly issued crypto and application-specific tokens. Balta, is a tech entrepreneur and global investor with vast trading experience in financial markets and with a clear focus on technology, finance, and innovation.
Eddy Travia, Coinsilium’s CEO commented:
“We are very pleased to be firming up our relationship with HyperChain following our mutual investment in CoinDash. In this fast-growing market, there are only a few large hedge funds with a focus on token offerings and fewer still that can claim the experience and aptitude of HyperChain. We look forward to a mutually beneficial collaboration in this exciting new sector.”
Stelian Balta, CEO of HyperChain stated:
“We are very proud to be forming this alliance with Coinsilium who we regard as pioneer investors in blockchain technologies. HyperChain and Coinsilium are early-movers in the blockchain Token investment space and we look forward to identifying co-investment opportunities in innovative blockchain companies and protocols together.”