VC Firm SpaceFund to Tokenize its Fund with Support from Smart Valor, Abacus By Cryptovest

VC Firm SpaceFund to Tokenize its Fund with Support from Smart Valor, Abacus

US-based SpaceFund, a venture capital firm aiming at leveraging blockchain to fund space startups, announced on Monday the creation of the world’s first space security token. The announcement, which was made at the Zurich Crypto Summit, suggests that the company will tokenize its fund and thus provide accredited investors with better access to space-oriented startups through higher liquidity.

SpaceFund founding partner Rick Tumlinson commented:

“SpaceFund’s goal is to support the development and profitability of amazing new space startups around the world.”

“With Jeff Bezos, Elon Musk, and others investing billions into a space economic infrastructure, a revolution is underway in space. We want to allow more visionary people to get involved, to support the entrepreneurs opening space to humanity, and to share in the wealth it will create. This offering is both a giant leap and a first step in that direction,” Tumlinson, who’s also co-founder of several space projects, explained.

SpaceFund is known for its insider perspective on the NewSpace, an umbrella term that touches upon the private spaceflight industry, which is currently growing at a fast pace. The VC firm relies o…

This article appeared first on Cryptovest

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