Jun 8, 2022

Ledger, the crypto-security platform securing cryptocurrencies, NFTs and tokens, and Cathay Innovation, a global venture capital firm, have launched a €100M ($110M) early-stage venture fund focused on Web3.Supported by French public investment bank Bpifrance and led by Cathay Innovation’s Denis Barrier and Ledger’s Pascal Gauthier and Michael Louzado, Ledger Cathay Capital will cover cryptocurrencies, decentralized finance (DeFI), blockchains, NFTs, DAOs and the tokenization of everything.Ledger has also made direct early investments in startups that will be managed by the Ledger Cathay Capital team.It gives creators and founders the capital, tools and direct industry access needed to innovate at scale from the very start.The partnership, already counting various French and international leaders, looks to connect and stimulate a global Web3 ecosystem while bringing greater opportunities to entrepreneurs across Europe, North America, Asia and beyond. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.