Cardano is a proof-of-stake blockchain platform. It is the first one to be founded on peer-reviewed research and developed through proof-based methods. It combines pioneering technologies to provide unmatched security and sustainability to decentralized applications, systems, and societies.
With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins,to individuals and is an enabling force for positive change and progress.
Input-Output Hong Kong (IOHK) is a research and development company committed to using the peer-to-peer innovations of blockchain to build accessible financial services for all.
Recently, it has set up $20 million in funds for startup ecosystems.
Funds to be invested in early startups
The fund consists of huge amount of $20 million and is being planned to invest in early stage businesses and upcoming startups. These will use Cardano and other IOHK based tech initiatives for example, the enterprise blockchain ATALA.
Commits will range between $250,000 and $500,000 for either equity or token stakes.
The c Fund will be a joint venture between IOHK and other investors. IOHK has invested $10 million and plans to collect the other half from outside investors.
cFund’s chief investment officer
Nathan Kaiser, who is IOHK’s general counsel, will become cFund’s chief investment officer.
No overlapping with commercial arm- EMURGO
An IOHK spokesperson said cFund did not overlap with EMURGO, which is Cardano’s commercial arm and has also supported new ventures on its own.
Tokenization of yearly supply of Kentucky Bourbon
California regulated Wave Financial tokenized a year’s supply of Kentucky Bourbon whiskey worth $20 million earlier this year.
No announcement of undergoing projects yet
Both Hong Kong-based IOHK and Wave declined to comment on whether the fund had already started selecting projects to invest in. They are waiting for confirmation and the right time to announce those projects.