Russia’s Blockchain Venture Fund Wants to Invest $1bln in ICO Projects

A Russian Blockchain venture fund known as FinShi Capital has announced it will invest in ICO-related projects “worth up to $1 bln.”

In a press release issued today, the “syndicate of venture funds” announced it had raised $1.3 mln during its pre-ICO campaign, and aims to generate another $50 mln in its ICO proper in October.

Targeted investors are members of Russia’s ‘Silicon Valley’ Skolkovo, and the project already has the blessing of the newly-created Russian Blockchain and Cryptocurrency Association (RABIK), co-founded by Putin advisor Herman Klimenko.

“The fund will come up with ICO (sic) for both its own business ventures as well as encourage Skolkovo residents to organize ICO (sic),” the release states.

“[...] The fund is backed by ‘miners’ and crypto asset owners of the Russian Association of crypto assets and Blockchain, Created with the intention of supporting the potential ICO investors.”

Full story at http://bit.ly/2f6MGIw

Source: CoinTelegraph

 

 

 

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