Ledger Launches 100 Million Euro Investment Fund for Web3

Cathay Innovation and Ledger launch investment fund for web3. 100 million euros for promising and significant projects around the world.

Cathay Innovation and Ledger today announce the launch of a €100 million investment fund dedicated to web3 initiatives. Cryptocurrencies and NFTs of course, but also DeFI or blockchain, all promising projects could benefit from it. Ledger Cathay Capital is the result of a partnership between Cathay Innovation and Ledger, to whom we owe a physical wallet, backed by Bpifrance.

Cathay Innovation and Ledger launch investment fund for web3

Web3 entrepreneurs who will benefit from this fund will have the tools and direct access to everything they need to start their business in this very dynamic market. “As a historic investor in Ledger, we have identified a unique opportunity to connect the ecosystem more broadly and together build the tokenized world of tomorrow. The Ledger Cathay Capital Fund is not only deeply rooted in cryptocurrency and blockchain, but also combines resources, networks and partnerships on a global level. This approach will accelerate the growth of Web3 innovation by integrating the highest security standards to better serve the next billion people,” explained Denis Barrier, co-founder of Cathay Innovation.

According to Pascal Gauthier, CEO and President of Ledger, “A decentralized future that includes many digital assets and services depends on our ability to provide security and trust.” And “today, through Ledger Cathay Capital, we want to support crypto and Web3 entrepreneurs by giving them access to our unique digital security ecosystem and supporting growth within our security technology platform through the technical know-how of over 700 blockchain experts. and distribution channels that will enable them to create and globally deploy the innovative, secure and decentralized services of tomorrow.”

100 million euros for promising and significant projects around the world

This fund will focus on providing the best possible collaborative and localized assistance to crypto and web 3 entrepreneurs to meet market players, innovate, reach their customers and share their strategies to grow their businesses and participate in the democratization of these new technologies throughout the world. world.

The Ledger Cathay Capital fund will invest in both seed and Series A. It should be noted that Ledger has already made several direct investments in startups, which will now be managed by the Ledger Cathay Capital fund team.