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.
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 the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
