The recent purchase of Borderless Capital is highlighted in this edition of Cointelegraph’s VC Roundup, along with recent investment rounds from Keyring Network, Morph, Rails, BOB, FLock, and Race. Amid the current bull cycle, venture capital companies are acting to capture market share. The Web3-native investing business Borderless Capital acquired the quantitative trading firm CFT Capital in March, among other moves.
The company, which has $600 million in assets under management, claimed that the move targets greater efficiency in capital deployment across Web3 verticals by adding artificial intelligence and quant proprietary trading solutions to its operations. Algorand, Blockdaemon, and Securitize—BlackRock’s new partner in a tokenized digital fund—are companies in which Borderless was an early investor.
The VC Firm Believes That Cross-Chain Standardization Will Mark The Next Development
Additionally, the purchase will establish Borderless across Latin America. According to managing partner and co-founder of Borderless, David Garcia, they are aggressively searching for Argentina, Uruguay, Brazil, Chile, and Mexico, he told Cointelegraph.
The VC firm believes that cross-chain standardization will mark the next development in the cryptocurrency industry by 2024. We believe additional L1s, L2s, and possibly L3s will emerge as a long-term trend in the advent of modularity in blockchains. In addition, We think Web3 needs an aggregating layer that can work with any chain to become widely used,” Garcia stated.
