Thursday, November 21

ABO Digital, a new private investment firm launched by Alpha Blue Ocean, is set to offer alternative financing solutions to early-stage and high-growth web3 startups.

The firm aims to provide institutional-grade expertise to the digital asset and blockchain industry, offering innovative and flexible funding solutions to give blockchain projects more options for raising capital.

ABO Digital leverages Alpha Blue Ocean’s experience as a structured Private Investments in Public Equity investor with over $2bn in executed financing commitments over the last five years globally.

Amine Nedjai, CEO at ABO Digital, said the launch is timely as the digital asset space is expected to come out of the crisis stronger in the next cycle.

According to Nedjai, the new form of financing addresses a need in the cryptocurrency market, particularly given the current market conditions. The pool of available growth capital for cryptocurrency projects has been reduced due to losses from the recent crypto credit contagion by large investors such as venture capitalists. The launch of ABO Digital is expected to fill this gap.

The firm sees a trend in gaming projects working on more sustainable tokenomics that can help drive adoption as well as the practical use of non-fungible tokens.

Nedjai expects DeFi to continue to capture attention in the space, proving its robustness through the current crisis while continuing to innovate and find pragmatic solutions.

ABO Digital’s launch comes at a time when the cryptocurrency market is facing a bear market. The firm’s fresh experience and alternative way of funding development and expansion could offer projects in the digital asset space access to more capital. The new financing option could be beneficial to blockchain projects that are seeking to raise capital but have limited options due to the current market conditions.

Read Also: Magic Eden Ventures backs 11 Web3 Gaming Studios to Push the Industry Forward

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Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

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