Tue, Jan 26, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Social impact investing on the blockchain

Friday, June 01, 2018

Bailey McCann, Opalesque New York for New Managers:

London-based Eterna Capital wants to shape the future of the blockchain ecosystem by supporting companies that have social impact. Launched earlier this month, the firm will make early-stage investments in companies that are finding innovative ways to use blockchain for good.

"It's really important to us to focus on the combination of impact and blockchain," Andrea Bonaceto, Founding Partner and CEO at Eterna Capital tells Opalesque New Managers. He adds that by focusing on social impact, Eterna's investments are more likely to end up going to entrepreneurs with long-term growth in mind. "The projects tend to be more rigorous and our expertise in both blockchain and social impact ensures that we aren't likely to get caught up in some of the more questionable projects touting blockchain right now," he says.

Eterna's team is composed of Bonaceto and three former BlackRock executives - Asim Ahmad, Mattia Mrvosevic, and Nassim Olive. While at BlackRock, all three were focused on the firm's institutional client business and developed a background in ESG and social impact investing. The entire team at Eterna have been personally invested in various blockchain companies over the past two years.

"We know there is demand from institutional investors to put money into blockchain and digital assets, but the infrastruct......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: SPAC costs are 'far higher' than previously realized, study finds, Jim Cramer recommends profit taking in speculative electric SPAC names.[more]

    SPAC costs are 'far higher' than previously realized, study finds From Institutional Investor: The costs of going public via a special-purpose acquisition company are both "opaque and far higher" than previously recognized, new research shows. SPAC shares tend to drop by one third or

  2. Institutional Investors: Pensions swamped in a sea of negative real rates, Bahrain's pension fund authority faces collapse[more]

    Pensions swamped in a sea of negative real rates From FA Mag: Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown. As the name implies, defined-benefit pensions promis

  3. New Launches: Lesser-known Tiger Seed launches long-only fund, Bill Gates-led fund raises another $1bn to invest in clean tech, Claret Capital strikes initial close for first fund since spinout from Harbert[more]

    Lesser-known Tiger Seed launches long-only fund From Institutional Investor: A hedge fund whose largest investor is Julian Robinson Jr.'s Tiger Management has launched a long-only fund as part of a larger reshuffling of its investment vehicles. Tiger Legatus Capital Management, a so-ca

  4. Opinion: Hedge-fund tycoon Seth Klarman says investors are like frogs slowly boiling in a pot, Bridgewater's CEO on inequality, uncertainty, and polarization[more]

    Hedge-fund tycoon Seth Klarman says investors are like frogs slowly boiling in a pot From NY Post: If you start to feel warm - with a sudden urge to hop out of the stock market - there might be a reason for that. A prominent hedge-fund tycoon said investors are like frogs who are gett

  5. PE/VC: Venture capital takes off: How the lines between VC and PE are blurring, Global venture capital clusters in fewer firms, Bumper year for UK private equity as deals soar 257%[more]

    Venture capital takes off: How the lines between VC and PE are blurring From PE News: As 2020 came to an end, Ian Connatty, managing director of British Patient Capital (BPC), had good reason to feel satisfied with the progress of the organisation that he helped set up in 2018. In