Swiss Blockchain VC Enters Singapore to Capitalise on an SG$ 22.09 Bil Opportunityby Fintech News Singapore November 12, 2018
Singapore will be receiving a Swiss accelerator and venture capital firm soon, as Blockchain Valley Ventures has decided that our island nation is their next stop, set for operations sometime in 2019.
With SGInnovate as a key partner in Singapore, Blockchain Valley Ventures aims to become the bridge between Europe and Asia for both investors, and technology companies. They are looking to source good projects and deals, and expand its regional footprint in what they see as one of the fastest growth engines in the blockchain industry, Asia.
Blockchain Valley Ventures’ strategy for funding new businesses is a hybrid of two different forms of financing, the more traditional venture capital model and the newer Security Token Offering (STO) model.
The hybrid model of investing leverages on both traditional and newer form financing to help Blockchain Valley Venture’s portfolio companies accelerate their growth and business development, offering significant benefits compared to more conventional investment mechanisms. As one of the first few players utilising a similar hybrid model, the Venture firm is uniquely positioned to offer support at various stages of development and expansion plans. Just launching earlier this year, Blockchain Valley Ventures has established itself in the Swiss blockchain ecosystem, popularly regarded as one of the most advanced blockchain ecosystems globally, and has already successfully supported several companies in Switzerland in their token offerings.
Some of their portfolio companies includes Securosys, Rice Exchange, Sanostro and Intimatch, ranging from a rice-exchanging platform to data protection that is used by the Swiss National Bank and the Swiss Stock Exchange (SIX).
Blockchain Valley Venture’s blockchain opportunities investment note, has a size of 10 million CHF (SG$ 13.70 million) today and an initially focused on Swiss and European based investment opportunities.
The VC is attempting to capitalise on the blockchain market, which is forecast to grow at CAGR of 87% to reach US$16 billion (SG$ 22.09 billion) by 2024. The Asia-Pacific region will be one of the world’s fastest-growing markets for blockchain technologies over the next five years.
Heinrich Zetlmayer, founder of Blockchain Valley Ventures said:
“We strive to be a true accelerator pushing the growth of the most promising portfolio companies. BV Venture’s value realization strategy is to seek exits through STOs or trade sale to strategic buyers. Our long-term goal is to become a leading venture capital investor for crypto and blockchain enabled businesses.”