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HomeCrypto NewsMarketAbout 30% Of Union Square Ventures New $250 Million Fund Will Be Invested In Cryptocurrency Industry

About 30% Of Union Square Ventures New $250 Million Fund Will Be Invested In Cryptocurrency Industry

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Investment firm Union Square Ventures launches new $250 million Fund. About 30% of the fund are planned to be invested in the cryptocurrency industry. In an article on the company’s blog, Union Square Ventures managing partner Andy Weissman said that the new fund will be called the 2021 Core Fund.


Investments in cryptocurrency companies and assets is becoming an essential part of  investment firms so according to Weissman,

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a significant part of the investment about 30%, will go to the cryptocurrency industry.

We will directly buy and store tokens, as well as invest in new projects working in the field of blockchain. We believe that decentralized systems are still at an early stage of development. We are seeing the adoption of such systems and seeing a lot of potential in cryptocurrency industry,  Weissman wrote.

Earlier Union Square has already invested in the cryptocurrency industry-funds like Coinbase, Polychain Capital and Dapper Labs.

Buy and Sell Cryptocurrency at Paybis

Also, It was reported that in February 2021, Galaxy Digital will launch three new cryptocurrency funds based on ETH.

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Read: According To Investors Document, Galaxy Digital Will Launch ETH-Based Funds In Feb 2021

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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