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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.
Lauren Croft
Firm: King & Wood Mallesons (Exto Partners and Exto B3V Capital Pty Limited).
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Deal: KWM has advised Exto Partners and Exto B3V Capital Pty Limited, the manager of Exto’s new blockchain fund, B3V Fund (b3v.io), on the establishment of the investment fund.
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.”
