A London-based venture capital company named Northzone has secured €1 billion (about $1 billion) to create a fund that would concentrate on crypto and fintech startups, marking one of the biggest forays into the cryptocurrency field recently.
Partner at Northzone Wendy Xiao Schadeck stated that the fund views the digital assets sector as its “key sector” for them. Additionally, she said, “We’re keeping an absolutely open mind for the next generation of innovators to establish entirely new categories.”
The organisation that has already made investments in businesses like Spotify and Klarna as well as web3 and DeFi startups including Sunscreen, Gro, and Magic Labs, plans to support businesses from their earliest phases up until their initial public offerings.
History of crypto at Fidelity
One of the most renowned U.S. stockbrokers, Fidelity Investments, is reportedly exploring legalising Bitcoin trading for individual investors. Although it hasn’t been formally announced to clients yet, Fidelity intends to offer the service to the more than 34.3 million brokerage accounts it now manages.
“A small bird in my ear informed me that Fidelity is going to shift their retail clients into cryptocurrency soon enough. Let’s hope the bird is correct. Thus, he remarked, “We are seeing this institutional march in New York at the SALT Conference.
Mike Novogratz, the CEO of Galaxy Digital, a platform for digital banking and cryptocurrency services, made a suggestion that…
