Cryptology to Invest $100M in Crypto Funds
- The $100 million investment will be made over the next two years, with the firm focusing on first-time crypto and blockchain funds and emerging managers.
- Cryptology has grown its invested capital from around $33 million in 2018, to now almost $547 million, and is publicly listed on several German stock exchanges.
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Malta-based investment company Cryptology Asset Group will invest $100 million in crypto-related venture funds over the next two years, the firm said in a press release on 3 June.
According to the announcement, Cryptology will look to expand its fund portfolio through investments into first-time funds and emerging managers that are primarily focused on taking stakes in blockchain and crypto-related companies. The firm will also support funds that invest in crypto assets and tokens. The CEO of Cryptology, Patrick Lowry, said in a statement:
“With regards to our fund investment strategy, our vision is to collaborate closely with our portfolio funds, offering them access to our broad network and experience, as well as to co-invest alongside them into innovative blockchain companies and crypto assets.”
Founded in 2018 by billionaires Mike Novogratz and Christian Angermayer, Cryptology has grown from around $33 million in invested capital to now almost $547 million over the past three years, which is around a 300% internal rate of return (IRR) per year.
The firm offers its retail and institutional clients access to the crypto space through its liquid shares, such as its offering of indirect exposure to Block.one’s Bullish crypto exchange. Cryptology is publicly listed on multiple German stock exchanges, under the symbol CAP:GR.
The company’s commitment to invest $100 million in crypto and blockchain projects highlights the increased interest in the space. Another company that has pledged to pour $100 million into crypto and blockchain is Huobi Global, which last month launched a wholly-owned subsidiary, Huobi Ventures, focused on venture investing.
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