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Following up on a scoop at Blockchain News via the d10e conference in Bucharest in February 2017, Blockchain Capital, the premier venture capital firm investing in blockchain technology companies, has officially announced its intention to raise its third fund via a combination of a traditional limited partnership called Blockchain Capital III, LP and an additional fund offered via a digital token called the BCAP.

In line with its strategy to drive innovation based on blockchain technology, the partners decided to pursue a parallel offering of Ethereum-based tokens, issued by a Singapore entity, that would represent an evergreen fractional ownership in a new fund called Blockchain Capital III Digital Liquid Venture Fund, LP.

“Blockchain Capital is the first venture fund to offer its own digital tokens and it’s expected to be a major disruption to the venture capital industry,” said Brock Pierce, Managing Partner of Blockchain Capital. “We’re providing the investor base across the globe with the opportunity to invest into a leading venture fund via a liquid, tradable, digital token. We also believe we are democratizing access to an asset class traditionally only available to elite institutional investors.”

“In this environment of minimal IPOs, giving investors a new liquidity mechanism through this innovative, smart contract-driven, token technology is a unique and important value proposition,” said Brad Stephens, Managing Partner of Blockchain Capital.

The investment focus of the new fund will continue Blockchain Capital’s established practice of identifying outstanding blockchain technology companies led by ambitious management teams and partnering with them to accelerate growth. As enterprise use cases for the Blockchain proliferate across industries beyond financial technology, this capital raise gives Blockchain Capital the opportunity to maintain its leadership position in supporting the broadening ecosystem.

Blockchain Capital’s current portfolio comprises 43 unique companies from its

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