A wave of corporate-backed launches are continuing to take place in the blockchain VC space despite concerns valuations in the sector have spiralled.
BRI Ventures, the corporate venture capital (CVC) arm of Indonesian state lender Bank BRI, has launched a blockchain-focused accelerator with domestic cryptocurrency exchange Tokocrypto amid a wave of corporate interest in the sector.
Separately, Google, the internet technology provider overseen by of US-listed conglomerate Alphabet, is reportedly creating a unit under its Labs division focusing on blockchain and other decentralised technology.
Venture capital firm Inflection has meanwhile raised $40.7m for its Mercury Fund II to invest in crypto, Web3 and blockchain technology, from limited partners…
