Across Ventures and SBI Holdings have launched a $100 million Fund-of-Funds targeting US micro venture capital firms specializing in crypto and blockchain. The strategic alliance aims to connect cutting-edge US innovations with Japanese corporations, fostering growth and partnerships. The partnership highlights the increasing importance of international collaboration in shaping the future of the blockchain sector.
Across Ventures has formed a strategic alliance with SBI Holdings to establish a $100 million Fund-of-Funds platform. The partnership intends to link US innovations with Japanese corporates for growth in the crypto and blockchain sectors.
The alliance combines the venture capital capabilities of Across Ventures with SBI’s established Japanese network. Emi Yoshikawa, CEO of Across Ventures and former VP at Ripple, emphasized the partnership’s significance, pointing out the significance of this partnership and also acknowledged her prior engagement work with SBI and Ripple.
The fund will target US-based micro VCs deeply embedded in the crypto ecosystem. Investing in these funds will bring Japanese corporations into contact with leading technology and startups.
This initiative represents a significant shift towards international collaboration as a major industry driver. Collaborative efforts will influence the sector’s development as regulatory frameworks continue to evolve.
Several challenges remain, including regulatory compliance and effective communication between partners. The $100 million fund is a key landmark in US-Japan innovation collaboration for the blockchain sector.
