{"id":62641,"date":"2022-06-08T16:01:09","date_gmt":"2022-06-08T13:01:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62641"},"modified":"2025-09-05T19:13:34","modified_gmt":"2025-09-05T16:13:34","slug":"ledger-and-cathay-innovation-launch-e100-million-crypto-fund","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ledger-and-cathay-innovation-launch-e100-million-crypto-fund\/","title":{"rendered":"Ledger and Cathay Innovation Launch \u20ac100 Million Crypto Fund"},"content":{"rendered":"<p>The hardware wallet maker Ledger and venture firm Cathay Innovation have launched a \u20ac100 million fund to invest in Web 3.0 startups.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">We believe in a future where Internet users truly own their digital assets.<\/p>\n<p>To help realize this future, we\u2019re establishing a \u20ac100 million fund in partnership with <a href=\"https:\/\/twitter.com\/Cathayinnov?ref_src=twsrc%5Etfw\">@Cathayinnov<\/a> to invest in projects covering all facets of the Web3 ecosystem.<\/p>\n<p>Learn more: <a href=\"https:\/\/t.co\/VQuCMOjwL9\">https:\/\/t.co\/VQuCMOjwL9<\/a> <a href=\"https:\/\/t.co\/BdLHx4TYyD\">pic.twitter.com\/BdLHx4TYyD<\/a><\/p>\n<p>\u2014 Ledger (@Ledger) <a href=\"https:\/\/twitter.com\/Ledger\/status\/1534477352805310464?ref_src=twsrc%5Etfw\">June 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The structure was supported by the French state investment bank Bpifrance and several other companies, The Block reported, citing Cathay Innovation co-founder Deni Barrie. He declined to name them, citing confidentiality concerns.<\/p>\n<p>Ledger Cathay Capital invests in early-stage startups across DeFi, security, infrastructure, and digital-ownership technology. The fund has just been created and has not yet made any investments, Barrie said.<\/p>\n<p>Regarding the market conditions under which Ledger Cathay Capital will begin operating, he noted that the company views Web 3.0 as an evolving space and \u201can investment opportunity for decades.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe have no plans to slow down or cut back our investment activity. We believe that current conditions present a real opportunity for us to create a fund and actively invest in crypto startups,\u201d Barrie said.<\/p>\n<\/blockquote>\n<p>Ledger&#8217;s chair and CEO Pascal Gauthier agreed with Barrie\u2019s view, noting that the fund will actively back projects that \u201ccreate a decentralised future for the coming billion users.\u201d<\/p>\n<p>Ledger is a portfolio company of Cathay Innovation. The venture firm participated in three funding rounds, including Series C <a href=\"https:\/\/u1f987.com\/en\/news\/ledger-raises-380-million-in-series-c-at-a-valuation-of-more-than-1-5-billion\">for $380 million<\/a> in June 2021. As a result, the wallet maker was valued at more than $1.5 billion.<\/p>\n<p>Earlier, Ledger itself <a href=\"https:\/\/u1f987.com\/en\/news\/debank-raises-25-million-in-round-led-by-sequoia-capital-china-at-a-200-million-valuation\">invested<\/a> in several cryptocurrency startups. Now the management of these assets will be handled by the created fund.<\/p>\n<p>According to Barrie, Ledger Cathay Capital will back deals in both equity and token forms, with average ticket sizes ranging from \u20ac500 000 to \u20ac4 million. The fund aims to acquire 20\u201325 portfolio companies over two to three years.<\/p>\n<p>In April, Dragonfly Capital launched a Web3-focused investment fund <a href=\"https:\/\/u1f987.com\/en\/news\/dragonfly-capital-launches-650-million-fund-focused-on-web-3-0\">with a $650 million capital<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ledger and Cathay Innovation launched a \u20ac100 million fund to invest in Web 3.0 startups.<\/p>\n","protected":false},"author":1,"featured_media":62642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1640,1133],"class_list":["post-62641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ledger","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62641"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62641\/revisions"}],"predecessor-version":[{"id":62643,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62641\/revisions\/62643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62642"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}