Digital asset and fintech investment firm Fineqia International has announced plans to launch a new venture capital fund that will invest in innovative companies in the digital asset industry.
Fineqia will transfer part of its investment to a new company, Fineqia Glass Slipper Ventures (FGSV), which will become part of the FGSV portfolio and Fineqia will acquire a corresponding equity stake in the fund.
The company intends to establish FSGV as a closed-end private equity fund in the European Economic Area (EEA) with the aim of generating attractive returns by investing in promising companies with significant growth potential. Fineqia has identified segments such as blockchain infrastructure, DeFi and the metaverse including gaming, media and entertainment as key investment areas.
FSGV's set-up cost is 100,000 Swiss francs ($150,000 Canadian dollars). The company expects to complete its first delivery in the third quarter of 2023. (Finextra)
