The digital payment platform developer's newly formed Circle Ventures unit has begun investing in early-stage blockchain-enabled companies.
US-based blockchain payment platform developer Circle has formed a corporate venture capital vehicle of undisclosed size dubbed Circle Ventures.
The fund will back early-stage blockchain technology developers, having already deployed some capital, Circle told CoinDesk.
Founded in 2013, Circle provides a digital payment software tool that helps enterprise customers conduct transactions using a stablecoin – a form of cryptocurrency backed by safe reserves such as fiat money – called USD Coin.
Circle chief financial officer Jeremy Fox-Geen said in a…
