Venture firm DNA launches desk for tokenized equity in startups
The platform allows accredited investors to invest in Web3 startups via tokenized special-purpose vehicles.
Venture capital firm DNA Holdings has launched a deal desk for tokenized investments in blockchain-based projects.
The desk targets high-net-worth investors — a term used to describe individuals with liquid assets of at least $1 million — but is also available for other venture firms seeking opportunities in the Web3 space.
The platform runs on the layer-1 network Chintai and tokenizes equity in early-stage projects as a special purpose vehicle (SPV). At its launch, the marketplace displays seven startups raising capital, with target funding ranging from $325,000 to $2 million and checks starting at $2,500.
Startups anywhere in the world can apply for funding through the DNA website.
“AI projects are evaluated on a daily basis by our team. Our thesis is to find early-stage, cutting-edge technology companies specializing in the Web3, crypto, AI and gaming space,” DNA’s manager Jake Flaherty told Cointelegraph.
According to DNA, investing onchain gives investors access to an active secondary market. “This opens up a wide range of liquidity options after the initial purchase because investors are not locked into their positions,” the company said. The platform expects to host more than 50 SPVs of different sizes, raising up to $10 million.
Source: https://cointelegraph.com/news/venture-firm-dna-launches-desk-tokenized-equity-startups