Alex Tapscott Launches NextBlock Global, a New Digital Asset Investment Firm With $20M Financed

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by Maria Konash · 3 min read
Alex Tapscott Launches NextBlock Global, a New Digital Asset Investment Firm With $20M Financed

Co-author of the “Blockchain Revolution” launches a new firm that will be focusing on investments in the digital asset space.

Co-author of the best-seller “Blockchain Revolution:  How the Technology Behind Bitcoin Is Changing Money, Business and the World,” and former investment banker Alex Tapscott launches NextBlock Global, a new firm that will be focusing on investments in the digital asset space, announcing today the closing of an oversubscribed $20M financing.

NextBlock is now one of the leading institutional investors in the new digital asset economy. It is believed, that digital assets, for example Bitcoin and Ethereum,  serve as a basis for the new Internet of Value, which is beginning to alter the economy dramatically, upending everything from financial services to energy grids, media to manufacturing, serving as a turning point for the next generation of world-leading companies, platforms and networks in this new economy.

NextBlock Global, based in Toronto, Canada, is well known for its high-quality coders and fast-evolving blockchain innovation. Tapscott stated:

Locating in Toronto and in Canada is the perfect strategic fit for NextBlock. Toronto has a deep pool of world-class talent, innovative regulators and banks, and some of the best blockchain startupss in the world, and we are excited to contribute to this growing ecosystem.

NextBlock Global joins a growing body of ventures aimed at capitalizing on growing interest in blockchain-based assets. Other investors, including some long-time enrhusiasts in the bitcoin world, have sought capital to invest in the ICO space. It should be noted, that ICO means has been used more actively for investing in blockchain projects as compared to traditional venture capital this year.

“Blockchain has made the world of venture capital virtually unrecognizable: blockchain entrepreneurs are bypassing traditional gatekeepers and instead conducting vast global crowdsales of digital assets, which to-date have raised over $1.7 billion (CAD) this year. This is the fastest-growing market in the world and one of the most exciting areas to deploy capital.” – said Charlie Morris, NextBlock Co-founder and Chief Investment Officer.

Although it’s not immediately clear which projects NextBlock will move to back, Tapscott feels optimistic about the future suggesting that the firm may cast a wide net as it looks for opportunities in the space:

We are delighted with the outcome of this financing and we are ready to lead in this fast changing and disruptive marketplace. We believe the future is not something to be predicted, it’s something to be achieved. NextBlock Global has the experience, market-access, strategy and domain expertise to achieve that better future, and we are excited to share that journey with all of our partners and investors. This is only the beginning.

Now NextBlock will immediately begin to deploy capital, giving investors diversified exposure to the most promising investments in this space.

Blockchain News, News
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