SPiCE VC, the first tokenized venture fund to offer a digital asset, is planning to raise $100 million in a second round of funding, according to a note from the company.
SPiCE VC was founded by Managing Partner Tal Elyashiv who was previously he was CIO at Capital One and CIO at Bank of America.
SPiCE VC is a fund that is targeting the blockchain and digital asset sector. As the first fully tokenized fund, SPiCE VC says it is “well on its way to achieving its target by the end of October, with major institutional players already committing.”
SPiCE VC reports that it has experienced over 65% in unrealized gains during its first two years.
Recently, the company announced a listing of the digital security on the Fusang Exchange, Asia’s first fully regulated digital securities exchange.
SPiCE VC adds that it has also entered into an agreement with Coinbase to serve as custodian its digital security.
As of today, SPiCE VC’s portfolio includes 15 different companies within the blockchain and tokenization ecosystem, including INX, Archax, and Ripio.
SPiCE notes that it also spun out Securitize, a well known digital security issuance and management platform.
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