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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......................

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