According to a press release published last month, Coinschedule and Trecento Blockchain Capital have announced a joint venture that will see the creation of a new cryptocurrency investment fund. The project will invest in early-stage blockchain companies, as well as equity-based deals and initial coin offerings (ICO).
The Coinschedule Trecento BC Fund will incorporate Coinschedule’s TrustScore, an algorithm created with the help of scientists at the University of Oxford that assigns a credit score to each blockchain project after analyzing dozens of data points. Already, TrustScore has been shown to be an effective tool in determining those projects that have a greater likelihood of long-term success.
TrustScore will make the initial determination, and the team at Trecento will then assess the opportunity before the final decision whether or not to invest is made. Coinschedule CEO Alex Buelau said about the partnership, “We are very excited to partner with such a young yet successful team that can bring all their expertise and best practices from the traditional financial markets into the blockchain world.”
Trecento is an asset management company focusing entirely on the blockchain industry. It was founded this year and is part of Trecento Group, which was launched in 2012. Trecento Group has around $200 million under management and targets institutional investments. The company’s blockchain investment arm is designed to invest in projects with long-term growth possibilities that can provide the best returns for the fund’s members.
According to Alice Lhabouz, founder of Trecento Group, “We are looking forward to help fund incredible blockchain projects at a time where many promising teams are finding it hard to raise capital. Partnering with Coinschedule will enable us to find the needle in the haystack of blockchain projects.”
Coinschedule launched about two years ago and is located in Oxford, UK. According to the company’s website, “Our unique Trust Score system, utilises Artificial Intelligence and allows ICOs to show how trustworthy they are to potential investors. It encourages ICO projects to provide transparent information about their team, their project and legal structure.”
The investment fund is expected to be launched within the next couple of weeks. It will invest in projects in accordance with a regulated legal and compliant framework. When it’s operational, the fund will have a tracking section available on the Coinschedule website.
New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.