Tue, Nov 12, 2019
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. Fund managers face crackdown after Neil Woodford scandal, More than 500 Hargreaves clients join Woodford lawsuit[more]

    Fund managers face crackdown after Neil Woodford scandal From The Times: Asset management giants have been warned that their funds could be suspended and wound up after just three months if they do not ditch riskier stocks in the wake of Neil Woodford's downfall. The threat has been

  2. Ackman, down in October, has a new position[more]

    From Institutional Investor: Bill Ackman isn't done with shaking up his portfolio this year. After trimming several of his biggest positions that soared this year, Ackman is building a new undisclosed stake that already comprises 8 percent to 9.5 percent of his portfolios, he told investors. P

  3. PE/VC: Private equity is the new stock, Private equity fundraising in the US hits all-time high, Foreign private equity firms lead $152bn blitz on London Stock Exchange[more]

    Private equity is the new stock From Institutional Investor: The traditional portfolio of stocks and bonds needs an alternative investment shake-up after failed monetary policy, according to executives at JPMorgan Chase & Co.'s asset management unit. "We are in an odd cyclical posit

  4. Opinion: Cliff Asness: It's 'time to sin'[more]

    From Institutional Investor: Timing the market can be "deceptively difficult," as quantitative investor Cliff Asness has pointed out before. But now, the AQR Capital Management co-founder believes that while factor timing is "an ugly thing," it is "about time we did some" - specifically when it com

  5. Investing: Hedge fund Whitebox places big bet on gunmaker Remington, Quant funds exit Japanese bonds in worst sell-off since 2013[more]

    Hedge fund Whitebox places big bet on gunmaker Remington From Reuters: Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company. Whitebox