Rockefeller-Backed Venture Capital Firm Enters Crypto Market

While the global media conglomerate continues to bash the crypto revolution by calling it a “bubble,” there is no denying that high profile entities including government bodies along with influential corporate players are taking note of this widespread digital movement.

The latest big-name organization to join this list is Venrock, a venture capital firm that is backed by one of the wealthiest families in recorded human history, the Rockefellers.

As per current reports, the three-billion-dollar company is looking to start investing in cryptocurrencies and other blockchain-related businesses to diversify its financial portfolio and gain a foothold in this rapidly growing market sector.

The Rockefeller family has been involved with a wide array of businesses spanning diverse markets such the aviation sector and the oil industry.

However, in 1969, John D Rockefeller’s grandsons came together to establish Venrock, the family’s official venture capital arm that derives its name from the words “Venture” and “Rockefeller.”