Dubai firm Cypher Capital says launches $100 mln digital asset fund | Reuters
Dubai-based venture capital firm Cypher Capital on Wednesday announced it was launching a $100 million seed fund aimed at investing in digital assets including crypto currencies.
The fund will be financed by the company's founder, Bijan Alizadeh, and will also invest in decentralised finance platforms, blockchain applications and cryptocurrency gaming.
"It's going to be 100% digital assets," he told Reuters.
Cypher, which has $10 million in assets under management, plans to deploy on average $2 million to $5 million each month and focus on investing in the Middle East and North Africa and South Asia regions, but would invest elsewhere too.
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