Zilliqa Capital aims to invest in decentralized and fintech solutions in Southeast Asia and India, across investing, wealth management, insurance, lending, payments, and remittances, as well as critical infrastructures that will enable Web 3.0.
Zilliqa Capital will be led by financial services veteran Michael H. Conn, the firm’s chairman, CEO, and co-chief investment officer, while Zilliqa co-founder, president, and chief scientific officer, Amrit Kumar, will serve as Zilliqa Capital’s co-chief investment officer and director, the company said in an announcement.
The goal of Zilliqa Capital is to operate as a permanent capital, ecosystem-focused investment company, the announcement said. It will invest in Zilliqa’s native utility token «ZIL» as a strategic asset, and selectively invest in Zilliqa and relevant non-Zilliqa based businesses.
Zilliqa, headquartered in London and Singapore, is a public blockchain platform known for use of sharding as an on-chain solution to preserve decentralization and enable greater scalability.
Conn is the co-founder and former CEO of Ether Capital. His career spans the traditional financial services and digital assets space, with senior leadership positions at AllianceBernstein, Société Générale, Trust Company of the West, AsiaVest, and Quail Creek Ventures.
We aim to be pragmatic and not dogmatic in seeking and delivering solutions that broaden access to financial services and products that are both accretive to our investors, as well as to the people served by the companies we support. We believe Singapore to be the ideal hub for the development and growth of our innovative approach to investing in the fintech and digital asset space, Conn said.