Sat, Oct 20, 2018
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. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Robert Citrone's discovery cashes in on bearish bets[more]

    From Institutional Investor: The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments. Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility - two even

  4. Hedge funds at the 'core' of stock slump may be done offloading, Why hedge funds will stick with ever-risky short volatility trades[more]

    Hedge funds at the 'core' of stock slump may be done offloading From Bloomberg: One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week's rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categori

  5. Investing: Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks, U.S. fund investors pull most cash from bonds since February -ICI[more]

    Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks From CNBC: Billionaire hedge fund investor Leon Cooperman confirmed to CNBC on Wednesday that he has personal money in the cannabis industry, noting investments in a few young marijuana companie