Marina Acton invests in blockchain investment vehicle Blockchange Ventures I L.P
Blockchain has become world's most popular software platform for digital assets. Offering the largest production block chain platform in the world, cryptocurrency platforms are using blockchain technologies to build a radically better financial system.
After eToro, Coinbase and BitFinex and other cryptocurrency startups getting funded, Blockchange Ventures I L.P, a multi-cryptocurrency exchange and investment vehicle investing in Blockchain protocols and businesses that depend on the Blockchain with a predominantly medium to long-term orientation has now closed seed funding led by Maria Acton, Founder of Marina Acton Charity Fund, Inc. This is yet another evidence of Marina Acton’s growing fondness for investing in internet security and cryptocurrency startups.
The fund is focused on companies and projects that are building protocols for the Blockchain, providing solutions to significant problems faced by enterprise companies or addressing significant consumer opportunities that are enabled or materially enhanced by Blockchain. Blockchange Ventures I L.P will primarily make investments in proprietary rounds that are either limited to the fund or capped in size and will be investing in both corporate entities and digital assets (e.g., tokens) based on the fundamental technological promise of the underlying protocol or business.
Blockchange Ventures I L.P is run by Ken Seiff, a venture capitalist who has spent most of his career as a founder and investor in disruptive technologies. In 2013 he founded Beanstalk Ventures, a New York-based venture fund that invests in early stage retail technology companies, predominantly focused on B2B software for enterprise retailers. Seiff's partner in this venture is Novel TMT, the global technology investment vehicle of Silas Chou and his family. The fund is relatively unique in its intensely collaborative approach to investing. In 1998 Seiff earned the distinction of being one of the ﬁrst entrepreneurs to build a sophisticated Internet retailer with Blueﬂy.com, a public company which he founded and ran until 2004. Seiff is a seasoned retail technology investor with a penchant for identifying and investing in disruptive technology companies early. Some of his other early round personal investments include uBeam (wireless charging), Hyperloop (transportation), Ethereum (blockchain), Parity (blockchain), Filecoin (blockchain) and SKUchain (blockchain). Seiff was one of the very ﬁrst investors in the pre-sale of Ethereum, which experts now recognize as the single best venture investment of the last ﬁve years (up 1000x since July 2014).
Since global markets have crossed the tipping point for Bitcoin and other cryptocurrencies, which have transitioned from being a rising trend to a full-fledged technological and financial phenomenon. Our aim, is to help startups working with blockchain technology and the go-to platform among cryptocurrency exchanges globally. With investment and mentorship from our organisation, we are excited to scale secure and compliant technology ecosystem globally, and build an advanced financial ecosystem for investors to work with, while making buying, storing, and trading of digital assets as seamless and secure as possible.
Cryptocurrencies are supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the exchanges where virtual currencies are bought, sold and stored. Cryptocurrency trading exchanges have been mushrooming globally since late 2012.