Alex Tapscott, a co-founder of Toronto’s Blockchain Research Institute, has launched NextBlock Global, a company dedicated to investing in the digital asset space. Tapscott also announced the close of an oversubscribed $20 million funding round to launch NextBlock Global.
NextBlock Global, which will be based in Toronto, will invest in the digital asset space, with a focus on assets like bitcoin and ethereum. The investment company will buy cryptocurrencies and invest in startups built using blockchain technology.
Tapscott said he decided to launch the company when he saw a demand from institutional and strategic investors who want to invest in the digital assets industry.