UAE - Mubasher: Investcorp, a global alternative investment company, has launched eLydian Lion, the first dedicated institutional blockchain fund in the GCC, in Abu Dhabi.
The Fund will invest in companies deploying the next digital evolution driven by blockchain technology across the world, according to a press release on Monday.
eLydian Lion will mainly focus on early-stage companies operating across various blockchain areas, including blockchain infrastructure, platforms and exchanges, decentralised finance, and data analytics.
The Co-Chief Executive Officer at Investcorp, Hazem Ben-Gacem, said: "Offering our clients innovative and bold investment ideas, backed by our disciplined and proven approach, has been a key element of our success over the last four decades."
Meanwhile, the Head of Investcorp’s Technology Private Equity business, Gilbert Kamieniecky, commented: "We have already seen the potential of blockchain to disrupt existing markets and create new ones, such as the meteoric rise of the Non-Fungible Tokens market that in just a few years has grown from under a billion to more than $40 billion."
