Investor Spotlight: Kenetic Capital
Kenetic Capital is a prolific investor in blockchain technologies. Based in Hong Kong, they are focused on Asia but they invest globally.
1. Why did you invest in Sifchain?
Sifchain is attacking the critical issue of fractured liquidity in decentralized exchanges by building an omni-chain decentralized exchange (DEX). With more and more crypto-assets being generated and trading volumes reaching record levels, liquidity and efficiency of markets are of utmost importance.
By leveraging the proven Thorchain platform they are extending their track record of development and doubling down to launch Sifchain. While there are many players in the DEX space, we feel Sifchain’s technology, pedigree, and overwhelming community support make for a winning formula.
2. What is your thesis in the future of DEXs?
DEXs will be under pressure to deliver greater security, greater liquidity, greater performance, and all in the face of increasing regulation and a constantly changing landscape. We feel that there will be consolidation of liquidity around mono-chain DEXs and that Sifchain is well positioned to capture these opportunities.
3. What is your value add as a firm?
Kenetic has an unparalleled record in Asia over five years, supporting blockchain startups. Investing in over 150 projects including Ethereum, Parity, BlockFi, and more, Kenetic aims to grow the overall user base of blockchain through adoption of novel and integral technologies.
