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StanChart's SC Ventures Eyes $250 Million for Digital Assets Fund
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Heartspace News Desk
•Source: Bloomberg.com
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Key takeaways
- According to a Bloomberg report, SC Ventures, the venture-building arm of Standard Chartered Plc, plans to initiate capital raising for a new $250 million fund
- This fund will specifically target investments in digital assets within the financial services sector
- Gautam Jain, an operating member at SC Ventures, announced that the firm aims to launch the fund next year
According to a Bloomberg report, SC Ventures, the venture-building arm of Standard Chartered Plc, plans to initiate capital raising for a new $250 million fund. This fund will specifically target investments in digital assets within the financial services sector.
Gautam Jain, an operating member at SC Ventures, announced that the firm aims to launch the fund next year. The fund is anticipated to secure backing from Middle Eastern investors and will adopt a global investment strategy. Jain shared these details during the Money 20/20 financial technology event in Riyadh.
Related Topics
digital assetsventure capitalfintechStandard CharteredSC Venturesinvestment fund
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