NextBlock Global's Launch Secures Initial Funding
“Imagine a technology that could preserve our freedom to choose for ourselves and our families, to express these choices in the world, and to control our own destiny, no matter where we lived or were born. What new tools and new jobs could we create with those capabilities? What new business and services? How should we think about the opportunities? The answers were right in front of us, compliments of Satoshi Nakamoto.”
– Blockchain Revolution: How The Technology Behind Bitcoin is Changing money, Business, And The World – Don & Alex Tapscott
Several cities across the world have been exploring their capacity to take advantage of the FinTech revolution. More are likely to follow once the benefits become more tangible and understandable. For now, places like Toronto are positioning themselves to leverage the technology once it emerges with events like next month’s FinTech Canada Conference. A new addition to the budding digital asset ecosystem in Toronto is the brainchild of one of its native sons, Alex Tapscott.
“Locating in Toronto and in Canada is the perfect strategic fit for NextBlock,” said Tapscott. “Toronto has a deep pool of world-class talent, innovative regulators and banks, and some of the best blockchain startups in the world, and we are excited to contribute to this growing ecosystem.”
Tapscott, who last year was appointed to the World Economic Forum’s Global Future Council on Blockchain, is the founder and CEO of NextBlock Global, a new digital asset investment firm. NextBlock Global announced today the closing of a financing term during which it netted $20 million in initial funding. These funds will help to position the high-profile startup to be one of the leading institutional investors in the rapidly expanding digital asset economy. Tapscott stated: “We are delighted with the outcome of this financing and we are ready to lead in this fast changing and disruptive marketplace. We saw tremendous demand from institutional and strategic investors who are looking to get exposure to this new asset class.” Digital assets, like Ethereum, are fundamental to sharing value as the internet continues to evolve. In order to provide investors with diversified exposure alongside this evolution, NextBlock will draw upon Tapscott’s leadership and expertise to immediately deploy capital across the most promising digitized investments.
NextBlock co-founder and chief investment officer Charlie Morris stated:
"Blockchain has made the world of venture capital virtually unrecognizable: blockchain entrepreneurs are bypassing traditional gatekeepers and instead conducting vast global crowdsales of digital assets, which to-date have raised over $1.7 billion (CAD) this year. This is the fastest-growing market in the world and one of the most exciting areas to deploy capital."
Alex Tapscott is a leading blockchain evangelist in conjunction with his father Don Tapscott, with whom Alex co-authored Blockchain Revolution: How The Technology Behind Bitcoin is Changing money, Business, And The World. The father son duo has previously partnered on projects like The Blockchain Research Institute, also in Toronto.
“Looking forward,” Tapscott said, “We believe the future is not something to be predicted, it’s something to be achieved. NextBlock Global has the experience, market-access, strategy and domain expertise to achieve that better future, and we are excited to share that journey with all of our partners and investors. This is only the beginning.”
Alex Tapscott was named a founding member of the International Monetary Fund’s high-level advisory group on FinTech. He also sits on the advisory board of Elections Canada, the independent, non-partisan agency responsible for conducting federal elections and referendums. Tapscott participated in the blockchain delegation to 2016’s Rock-The-Vote.