Ledger launches a 100 million euro investment fund for Web3 | TechBuzz

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Cathay Innovation and Ledger launch an investment fund for web3. 100 million euros for promising and meaningful projects around the world.

Cathay Innovation et Ledger announce today the opening of a 100 million euro investment fund dedicated to initiatives around web3. Crypto-currencies and NFT, of course, but also DeFI or blockchain, all promising projects could benefit from it. The Ledger Cathay Capital is the result of a partnership between Cathay Innovation and Ledger, to whom we owe the physical wallet, with the support of Bpifrance.

Cathay Innovation and Ledger launch an investment fund for web3

Web3 entrepreneurs who will benefit from this fund will have the tools and direct access to everything they need to launch their business in this very dynamic market. “As a historical Ledger investor, we have identified a unique opportunity to connect the ecosystem more broadly and build the tokenized world of tomorrow together. The Ledger Cathay Capital fund is not only deeply rooted in crypto and blockchain, but it combines resources, networks and partnership opportunities on a global level. This approach will accelerate the growth of Web3 innovation by integrating the highest security standards to better serve the next billion people.“, explained Denis Barrier, co-founder of Cathay Innovation.

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For Pascal Gauthier, CEO and President of Ledger, “A decentralized future, comprising a multitude of digitized assets and services, relies on our ability to provide security and trust“. Et “today, with the Ledger Cathay Capital fund, we want to support crypto and web3 entrepreneurs by giving them access to our unique digital security ecosystem, and support to grow within our security technology platform through the technical know-how of more than 700 blockchain experts and the distribution channels that will enable them to build and deploy the innovative, secure and decentralized services of tomorrow on a global scale.

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100 million euros for promising and meaningful projects around the world

This fund will focus on providing the best possible, collaborative and localized help to crypto and web3 entrepreneurs so that they can meet market players, innovate, reach their customers and share their strategies to grow their business and participate in the democratization of these new technologies throughout the world.

The Ledger Cathay Capital fund will invest in both seed and Series A. Of note, Ledger has already made several direct investments in startups which will now be managed by the Ledger Cathay Capital fund team.

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