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Alternative Assets  + Blockchain  + Crypto  + Crypto  + Latest News  + Markets  + VC  | 
Iceberg, Venom Foundation Launch $1B Fund to Invest in Blockchain Ventures

Iceberg, Venom Foundation Launch $1B Fund to Invest in Blockchain Ventures

The Venom Foundation, which manages the world’s first regulated blockchain network, and is licensed and regulated by the Abu Dhabi Global Market, has teamed up with investment manager Iceberg Capital to launch a $1bn venture fund – Venom Ventures Fund (VVF).

VVF will be operated by Iceberg Capital, who will participate in a mix of pre-seed and Series A rounds. Capital will be allocated on a blockchain-agnostic basis and focus on long-term trends such as banking, payments, DeFi, GameFi, and asset management.

The fund’s leadership team includes Peter Knez, ex-CIO of BlackRock and former global CIO for fixed income at Barclays Global Investors, and Mustafa Kheriba, a board member for multiple family offices and long-term investment professional in the Middle East and North African regions.

“Our mission is to transform digital asset management and make a lasting impact on the industry. Venom is the ideal platform for us to achieve this goal,” noted Kenz.

Along with the fund, the foundation announced a $20mn investment in Nümi Metaverse, a major digital world focused platform.

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Venom FoundationIceberg Capital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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