Cryptology Asset Group, a Malta-based investment outfit co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is set to offer support for crypto VC firms.
In a release issued on Thursday, the European holding company announced plans to float a $100-million investment into first-time crypto funds. As part of the announcement, the investment outfit revealed that it will adopt an entrepreneurial approach in building its crypto fund portfolio with a focus on emerging managers and GP seeding.
Cryptology already has a significant footprint in the crypto and blockchain space with investments in the likes of crypto asset manager Iconic Funds and Bitcoin (BTC) mining operator Northern Data.
Indeed, Cryptology also offers indirect exposure to EOS developer Block.one and its recently announced $10-billion crypto tech company Bullish Global.
Commenting on the planned investment fund, Cryptology co-founder Angermayer said:
“We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class.