Financial technology firm Republic and DeFi fund manager Re7 Capital have announced a strategic partnership to create asset management initiatives.
The joint venture is focused on liquid crypto tokens. Republic’s crypto investment opportunities are vetted by professional investors and operates through its blockchain advisory practice. Re7 Capital is fueled by a team of professionals specialized in liquid blockchain strategies and investments.
The new partnership introduces blue-chip veterans from Bank of America, Goldman Sachs, among others, to “crypto-native” specialists and analysts, and aims to “empower professional investors” in their Web3 initiatives.
Mentions of crypto winter were met with much more humor during the summer, with many brushing it off, by making projections that 2022 was going to be a record year for venture capital (VC) fund raising in the crypto sphere.
Indeed, at one point the industry was absolutely on track to surpass 2021’s $32.4bn, which was a record in its own right.
However, even after this became reality, the overall sentiment on VCs funding the crypto space had dramatically changed just a few months later, and by the end of last month, a new reality started settling in.
This is nothing new for the blockchain market though, and there are still those who strongly believe that it’s institutional support that will grant true credibility to the space and pull it through slowdowns.
Having institutional investors recognize the long-term value of the crypto sphere is exactly what this partnership relies on, and Republic’s notion of “democratizing access to the private markets” aligns perfectly with Re7's experience in managing a successful crypto hedge fund.
Republic Crypto is going to be at this year’s TechCrunch Sessions: Crypto 2022, taking place on November 17 in Miami.
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