TrueBridge Capital Launches “TrueBridge Blockchain I” Fund with a $125 Million Target

03/07/2023 13:09 • Blockchain Buzz • 119 views

It is reported that according to the outflow documents of the Securities and Exchange Commission of the United States, TrueBridge Capital, an investment company led by senior investors Mel Williams and Edwin Poston, has launched a new blockchain fund “TrueBridge Blockchain I”, and is currently seeking a total of 125 million dollars for the fund. Up to now, 39 investors have signed investment commitments and will invest 55.3 million dollars.

TrueBridge plans to raise $125 million for the newly launched blockchain fund

Interpret the above information:

According to reports from the Securities and Exchange Commission (SEC) of the United States, TrueBridge Capital has launched a new blockchain fund called the “TrueBridge Blockchain I” fund. The investment company is led by senior investors Mel Williams and Edwin Poston and is aiming to raise a total of $125 million for the fund. Currently, 39 investors have made investment commitments and will be investing a total of $55.3 million into the fund.

The launch of the TrueBridge Blockchain I fund is significant in that it indicates a positive shift in the market outlook for blockchain technology. Blockchain has long been associated with cryptocurrencies and initial coin offerings (ICOs), both of which have had their ups and downs in the past. However, this new fund marks a change in the status quo, with institutional investors looking to make long-term investments in blockchain technology.

The institutionalization of blockchain is a crucial step for its wider adoption and use. The technology is still in its early stages, and the development of new use cases and applications continues to evolve. With institutional investors such as TrueBridge Capital getting involved, more money and resources are being channeled into blockchain, leading to faster growth and further innovation.

TrueBridge Capital is a known name in the investment industry, and its involvement in the blockchain market is a testament to the potential growth and profitability of the industry. The involvement of senior investors Mel Williams and Edwin Poston further add to the credibility of the fund, making it an attractive investment option for those who may have been skeptical of blockchain in the past.

In conclusion, the launch of the TrueBridge Blockchain I fund is a significant development for the blockchain industry, indicating a shift toward institutional involvement and investment in the sector. This step is vital in creating a more stable and mature blockchain industry, leading to more growth and innovation.

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