Alex Tapscott, a former investment banker and co-author of Blockchain Revolution will immediately begin to deploy capital for Toronto-based NextBlock Global, his new digital asset investment company, which announced today the closing of an oversubscribed $20 million financing.
With the closing of the financing, NextBlock aims to be one of the leading institutional investors in the digital asset economy.
Assets like Bitcoin and Ethereum, are foundational to the new Internet of Value, which is beginning to disrupt the economy in profound ways, upending everything from financial services to energy grids, media to manufacturing, and ushering in next generation leading companies, platforms, and networks.
NextBlock Global’s Founder and CEO Alex Tapscott said:
“We are delighted with the outcome of this financing and we are ready to lead in this fast changing and disruptive marketplace,” adding “we saw tremendous demand from institutional and strategic investors who are looking to get exposure to this new asset class.”
“We believe the future is not something to be predicted, it’s something to be achieved. NextBlock Global has the experience, market-access, strategy, and domain expertise to achieve that better future, and we are excited to share that journey with all of our partners and investors. This is only the beginning.”
NextBlock Co-founder and Chief Investment Officer Charlie Morris added:
“Blockchain has made the world of venture capital virtually unrecognizable: blockchain entrepreneurs are bypassing traditional gatekeepers and instead conducting vast global crowdsales of digital assets, which to-date have raised over $1.7 billion (CAD) this year. This is the fastest-growing market in the world and one of the most exciting areas to deploy capital.”
