Singapore-based venture capital firm Golden Gate Ventures said on Friday it will launch a $10 million fund to invest in cryptocurrency and blockchain technology startups.
The fund, called LuneX Ventures, will invest in early-stage companies globally such as cryptocurrency exchanges and security providers.
Investors in the fund will include high-net worth individuals and family offices.
TRENDING NOW

SBI Fixed Deposit (FD): How much return will you get on Rs 5 lakh investment in 1, 2, 3, 5 and 10 years?

Mizoram Election Results 2023: Check out date, time of counting of votes, result announcement of 40 Assembly seats
The fund is among a cluster of similar ventures that invest in the cryptocurrency space, backed by wealthy individuals and financial firms, that have emerged over the past year. Such firms have partially replaced the retail investor base, which drove bitcoin`s skyrocket rise in 2017.
The price of the world`s biggest and best-known virtual currency
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)