BlockVC announces its support for project Akropolis — long term commitment towards large scale adoption of blockchain technologies
BlockVC has announced today in a meet-up in Beijing, China, their long term commitment towards the Akropolis project and token, AKRO. The top tier crypto asset venture fund, has over 25,000 BTC in assets under management. BlockVC has been working in close collaboration with the DeFi protocol and now sealed a material investment in the project.
Akropolis, set to launch its AKRO token today on Huobi Prime, is building an interoperable framework for group savings and investments. By providing the infrastructure for people to build their own Autonomous Financial Organizations, and allowing these to invest, save, and give their members social insurance, leveraging both DeFi and real-world credit, loans, and other financial service providers.
“We are delighted to have secured the support of BlockVC and have been impressed with their long-term vision, flexible and professional approach”- Ana Andria, Akropolis CEO and Founder.
BlockVC’s carefully curated portfolio includes projects like Republic, Perlin, NuCypher, RSK, Celer and QTUM. The top tier investment firm is focused on advising, researching and investing, in addition to raising awareness on the projects through educational roadshows and other events.
About BlockVC: The investment firm’s motto “bring blockchain into mainstream” explains the direction of their portfolio. BlockVC’s direction covers public chain infrastructure, protocol application layer financial services in the blockchain ecosystem.
Forming a diverse ecosystem and providing long-term capital support for institutional partners. BlockVC has over 150 global investment projects and an underlying exposure to 60 projects, with more than $500 million in management and 100 employees worldwide. More info here.
About Akropolis: Half of all the assets in the world are owned by pension funds. The global pensions deficit currently standing at 3x global GDP or $47 trillion. Akropolis set out with the objective to build a protocol that enables creation of a distributed financial network comprising member-owned financial organisations designed to step in to provide the trifecta of basic financial services (savings, investments, social insurance) through a distributed network without reliance on governments, banks or other legacy financial institutions. Result: resilience to global contagion risks in the event of a financial crisis. Akropolis is committed to platform agnosticism and domain-specific chains, cementing partnerships with Polkadot and ChainX, MakerDAO, and POA.
A significant part of the team effort is directed towards interoperability research and development, and supporting ecosystems — eg. running validator nodes in Polkadot, building the Akropolis Parachain, and ChainX validator nodes.