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Exto B3V Capital establishes new fund
Exto B3V Capital has set up a new blockchain investment fund in order for the venture capital firm to expand its cryptocurrency and related technology portfolio.
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Firm: King & Wood Mallesons (Exto Partners and Exto B3V Capital Pty Limited).
Value: N/A.
Area: Investments, technology.
Key players: The KWM team advising on the transaction was led by partner Tim Sherman and special counsel Judith Taylor, both members of the KWM tax team.
Deal significance: The new fund will make investments in cryptocurrencies, tokens and other blockchain-related investments and has commenced building its investment portfolio.
Commenting on the transaction, Mr Sherman said: “We are delighted to have worked with Exto in establishing their latest fund. Launching the fund was a significant milestone for all involved and an interesting venture in the context of the maturing regulatory environment for blockchain assets.”
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.