Alternative investor DarcMatter and crypto fund #Hashed team up
The partnership will enable DarcMatter, which specialises in providing direct access to pre-vetted hedge funds, private equity (PE), and venture capital (VC) funds, to extend its reach into the Asian market and gain insight into the crypto investment industry.
And as a blockchain-based investment fund and an incubator with an emphasis on community-building and impact investing, #Hashed will benefit from DarcMatter’s connections with both the traditional and alternative investment worlds.
Discussing the news in an interview with Tech Bullion, DarcMatter CEO Sang Lee points out that both companies share experiences and a vision that are “very aligned and rooted in the core premise of increasing transparency and efficiency throughout financial markets globally”.
Simon Kim, CEO of #Hashed, calls DarcMatter a “great partner”.
With offices in Seoul, South Korea, and San Francisco, #Hashed was founded in 2017 and has become the largest blockchain fund in Korea. The company has accelerated the largest wallet provider in South Korea, CoinManager, as well as a number of startups applying distributed ledger and blockchain technology to cybersecurity, social networking, and payments – among other areas.
This latest news adds to the blockchain and crypto-based headlines DarcMatter has been making of late. Last month, the company’s blockchain project, DarcMatter Coin (which was originally revealed in April), announced its first strategic investment and partnership with trade.io. The firm’s seed and venture arm will invest $2 million into the coin’s public presale.
New York City-based DarcMatter was founded in 2014.