RSP Blockchain Fund will make investments in startups raising financing through token issues rather than equity rounds, its first portfolio company being Beam Development.
Japan-headquartered human resources firm Recruit Holdings has launched a $25m Singapore-based corporate venturing fund to invest in blockchain technology and cryptocurrencies.
RSP Blockchain Fund, which closed in November 2018, will primarily target direct investments in blockchain-related startups that are using tokens to raise funding. Its existence was confirmed by its parent this week.
The unit will invest in startups working on blockchain technology that are looking to raise capital through the issue of tokens rather than equity shares. It will…
