Balance adds another critical component to Bicameral’s unique portfolio of highly complementary projects focused on accelerating Web 3.0 adoption. Balance aims to become the first institutional grade crypto custodian with integration and support for the Aion blockchain, another one of Bicameral’s key strategic investments.
“Most M&A destroys value, especially as the problems centrally-planned corporations are trying to solve grow increasingly complex. Instead, Bicameral has brought together a group of independent yet ‘interconnected’ projects working at all layers of this novel technology stack, to attack multiple facets of the largest challenges. Balance, with its unique take on institutional grade custody for digital assets and hyper-focus on UX and connectivity, provides an important building block in the delivery of unparalleled end-user experiences that leverage decentralized technology.”
– Alex McDougall, Chief Investment Officer, Bicameral Ventures
The investment brings Bicameral’s portfolio to nine projects that are targeting challenges in various layers of the technology stack, with the aim of delivering superior end-user experiences by leveraging the blockchain and associated virtualized technologies.
“We’ve watched the trials and tribulations of what we consider two distinct waves of custody companies in the digital asset space so far, and packaged those learnings into a third generation custodian that is institutional grade. Having had Kesem and Alex mentor us through Techstars, we quickly realized their ‘Interconnected Investing’ strategy means a spot in Bicameral’s portfolio is a lot more than just a logo on a site. The Aion integration is a testament to this, and just one of the many ways in which they’ve been helping us already.”
– George Bordianu, CEO and Founder, Balance
As part of the transaction, Bicameral Ventures will be entitled to nominate one member of Balance’s Board of Directors.