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Alternative Assets  + Blockchain  + Crypto  + Crypto  + Markets  |  July 3, 2024
HTX Ventures Invests in Blockchain Infrastructure
Joe Palmisano
By: Joe Palmisano

HTX Ventures Invests in Blockchain Infrastructure

Figment Capital, a New York City-based early-stage venture firm focused on blockchain infrastructure, has secured an investment from HTX Ventures, the investment arm of cryptocurrency exchange HTX.

The amount of the deal was not disclosed.

Launched in 2021 and led by James Parillo, managing partner, Figment Capital leverages its technical understanding and connection with Figment Inc., a leader in enterprise-grade staking infrastructure.

The firm offers technical insights and support to its portfolio companies, EigenLayer, Celestia, Initia, Wormhole, Movement, zkSync and others.

“The HTX Ventures team has been incredibly helpful in our growth as an emerging investment fund. Their knowledge of the Asian market and experience operating a globally recognized exchange has been invaluable as we continue to grow,” said Parillo.

Singapore-based HTX Ventures backs over 200 projects spanning multiple blockchain sectors, with initiatives already trading on the HTX exchange.

As one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside global blockchain funds, including Figment Capital, Dragonfly, Bankless Ventures, Animoca, Shima, and IVC.

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Inside The Story

HTX VenturesFigment

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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