Published On: Sun, Apr 8th, 2018

‘Crypto’s Benefit Is Fewer Gatekeepers’: Rockefeller Empire Gets Into Bitcoin

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Venrock, the venture capital arm of the financial empire began by John D. Rockefeller, is placing a multi-million dollar bet on the bright future of cryptocurrency.
Venrock Eyes ‘Crypto Economies’ And ‘Crypto Token-Based Projects’
In exclusive comments to Fortune, David Pakman, one of the VC firm’s partners, confirmed it had partnered with CoinFund, a New York-based Blockchain technology research, advisory & investment firm active since 2015.
The move, subsequently confirmed by both parties on social media, marks the Rockefeller conglomerate’s first direct hook-up with the cryptocurrency industry, Pakman underscoring that Venrock was interested in long-term industry support, not merely shorting markets.
“We wanted to partner with this team that has been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects,” he told the publication April 6.
There are a lot of crypto traders in the market. There are a lot of cryptocurrency hedge funds. This is different. In fact, to us, it looks a little bit more like venture capital.

We are excited to partner with @pakman and @Venrock for our work in #decentralization and #blockchain!
— CoinFund (@coinfund_io) …

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