AQN Digital, the crypto firm’s investment management subsidiary, has launched the AQN Digital Ventures Fund backing early-stage digital asset companies. The company did not disclose the size of the fund, which has invested in seven companies to date. (The Logic)
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AQN Digital, the crypto firm’s investment management subsidiary, has launched the AQN Digital Ventures Fund backing early-stage digital asset companies. The company did not disclose the size of the fund, which has invested in seven companies to date. (The Logic)
Talking point: Aquanow, which provides a significant portion of the infrastructure powering Canadian crypto-trading platforms, is launching the fund at a time when other venture capitalists are retreating. Crypto venture funding has been on a downward trend since the bear market began in early 2022, according to PitchBook data. Aquanow spokesperson Chris DeLuca said that despite the bear market, the company’s revenue has grown by 200 per cent in the 2023 fiscal year compared to the previous period, partly by focusing on emerging markets including the Middle East. In June, Dubai’s Virtual Asset Regulatory Authority granted Aquanow initial approval, a step towards a full licence to operate in that country.
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