Arqit Announces Investment from NGC-managed NEO Eco Fund
Arqit Pte Limited (“Arqit”) is pleased to announce that NEO Eco Fund, a fund managed by the top-tier crypto fund Neo Global Capital (NGC), has made a significant investment in the first round of the Arqit token pre-sale.
Arqit is developing a quantum resistant blockchain eco-system for enterprise applications. Arqit uses the open source Corda code base, modified to become a decentralized public blockchain and incorporating the first use of the unique Proof of Performance Protocol. To this is added quantum encryption, developed in partnership with a consortium of European companies and universities, and an associated research foundation. The Arqit tokens are primarily used by DApps wishing to launch on the Arqit Node network.
NEO Eco Fund is the second fund managed by the famed crypto fund NGC. Unlike the omni-purpose NGC Fund I, NEO Eco Fund emphasizes on the development of the eco-system surrounding the NEO Blockchain, post quantum security being one of the key issues the NEO Blockchain determines to solve.
Wayne Zhu, Founding Partner of Neo Global Capital said
“We are pleased to support the development of Arqit, which is both an interesting new enterprise blockchain concept and a catalyst for the development of good science in post quantum security, with an impressive group of industry partners and a highly experienced team.”
David Williams, Chairman of Arqit said
“We are delighted that Neo Global Capital has joined the project as a major investor. They have a fantastic reputation for leading the blockchain market commercially and in research, and share our vision for creating and advocating for a quantum safe blockchain. As one of the biggest crypto investors in the world, we welcome the confidence they place in the Arqit blockchain.”
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David Williams, Chairman, firstname.lastname@example.org
Brandon Smith, Managing Partner, Shuttle Capital, email@example.com
Wayne Zhu, Founding Partner, Neo Global Capital
Neo is one of the most significant investors in crypto assets in the world. Strategically affiliated with NEO, NEO Global Capital (NGC) strives to become one of the best investment platforms in the crypto space to capture this enormous growth opportunity, by: professionally adopting the best practices from traditional investment industry into Crypto investment space; strategically leveraging and re-enforcing with NEO ecosystem to create lasting competitive advantages; selectively partnering with the best investment professionals and technical developers in the world.
Arqit is a company based in Singapore developing a quantum resistant blockchain system for enterprise applications.
Its blockchain is built on the https://cordite.foundation/ and the Proof of Performance Protocol.
Arqit Pte Ltd is partnered with a consortium including BT, Qinetiq, Fraunhofer, ESA and others which is building the World’s first commercial Quantum Key Distribution by Satellite system.