Blockchain Capital (BCAP), a venture firm in the blockchain space, has announced significant upgrades to its innovative tokenized venture fund. These upgrades include offering dividend payments to investors and migrating fully to ZKsync. The fund will distribute $0.25 per token in USDC to its token holders, with the dividend payout expected on January 28, 2025. This dividend represents a 25% return on the original purchase price of $1 per fund token from the initial token offering in April 2017. The migration to ZKsync, supported by BCAP portfolio companies Securitize, Circle, and Matter Labs, aims to provide investors with faster transactions, substantially reduced fees, and anticipated dividend payouts. This move underscores BCAP's commitment to decentralization and efficiency in venture capital investing.
Dividend Payout and Migration to ZKsync: Blockchain Capital's tokenized fund is set to distribute $0.25 per token in USDC to its token holders, marking a significant milestone as the first dividend payout since the fund's inception. This payout, expected on January 28, 2025, represents a 25% return on the original purchase price of $1 per fund token from the initial offering in April 2017.
Commitment to Innovation and Efficiency: The migration to ZKsync further demonstrates BCAP's commitment to innovation and efficiency in venture capital. By leveraging ZKsync's technology, BCAP aims to redefine how investors interact with and benefit from venture investments. This upgrade is not just about enhancing efficiency but also about working closely with portfolio companies to push the boundaries of what's possible in the venture capital industry.
Read more at: zksync.mirror.xyz
2024-12-11