Blockchain

Bahrain’s Investcorp comes up with Gulf’s first blockchain-focused investment fund

Blockchain
Investcorp has got a solid track-record in tech-linked investments. But this is the first time that the Bahrain-based fund manager is scaling up on the blockchain investment side. Image Credit: Shutterstock

Dubai: Bahrain’s Investcorp has launched a blockchain technology-focused fund from its base in Abu Dhabi. The ‘eLydian Lion’, the fund manager says, will be the ‘first dedicated institutional blockchain fund based in the GCC’ and focus on companies leading in blockchain-enabled tech.

“We have a strong track record in technology investment and will bring our institutional expertise and global reach to bear on this fast-growing area of technology,” said Hazem Ben-Gacem, Co-CEO at Investcorp.

The Fund will enable investors gain early exposure in the rapid growth of a blockchain ecosystem. It will mainly invest in early-stage companies operating in areas such as blockchain infrastructure, platforms and exchanges, decentralised finance, and data analytics.

The fund will be handled out of Investcorp’s Abu Dhabi office and investments will be deployed globally.

The Fund will enable investors gain early exposure in the rapid growth of a blockchain ecosystem. It will mainly invest in early-stage companies operating in areas such as blockchain infrastructure, platforms and exchanges, decentralised finance, and data analytics.

Source: https://gulfnews.com/business/markets/bahrains-investcorp-comes-up-with-gulfs-first-blockchain-focused-investment-fund-1.1649659364030

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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