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CMB International and Nervos Foundation Jointly Launch $50M Blockchain Ecosystem Fund
As the first joint investment vehicle between a prominent financial institution and a layer 1 blockchain, the InNervation fund will invest in decentralized applications
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SHENZHEN, China, May 18, 2021 /PRNewswire/ Nervos, China s leading blockchain, today announced the launch of a $50 million fund with CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank. The new fund, dubbed InNervation, will make early and growth-stage investments in startups building user-facing products based on blockchain technology. InNervation s investment focus will include decentralized applications (dApps), decentralized finance (DeFi) protocols, distributed ledger platforms, non-fungible token (NFT) marketplaces, and more.
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