FBG Capital, Asia’s largest cryptocurrency fund, has become a strategic investor in the successful $65m private placement token sale of the Malta-based company chiliZ. FBG is known in the digital asset industry as one of the leading investment and trading companies in Asia, counting ventures like Ripio, Zilliqa, Republic Protocol and Eximchain amongst its triumphs.
“Gaining the support of FBG is an important milestone for our blockchain venture. Their investment will help to increase our corporate identity in the crypto space globally and we can learn a great deal from one the best funds on the market”, – said Alexandre Dreyfus, CEO of chiliZ.
“We believe in the tokenization of industries outside the financial space, and envision that chiliZ can make a difference to the sports and esports industries. Blockchain brings innovation, transparency and high liquidity on a global scale. Asia is a major market for both sports and esports and we believe we can help chiliZ in their mission to succeed”, – said Richard Liu, partner of FBG Capital.
Earlier this month one of the world’s largest crypto exchanges Binance also invested in chiliZ.