ABOUT NORTH BLOCK CAPITAL FUND I
The world of cryptocurrency and blockchain technology is a real game-changer. These technologies are based on a decentralised “peer-to-peer” network to disrupt the current economy by offering greater transparency and security for the mass across numerous sectors. Applications, such as smart contracts, private data protection, products and services traceability or money transfers fees reduction are already being developed. Cryptocurrency and Blockchain have a disruptive potential similar to the one created by the Internet during the 90s.
Such asset types may be found in projects or products which are, typically, at an early stage in their life cycle. The manner in which start-ups attract funding has changed dramatically over the recent years. Instead of common bank borrowing or selffinancing, ICOs or pre-coin offerings are becoming more common place. However, there is a lack of transparent information which makes it very difficult to analyse and assess the project or product. The Crypto Advisor will have to rely on white papers and other publicly available information to analyse an investment in an ICO, crypto currency or Blockchain related technology.
The investment strategy is focused on outright long positions in pre-ICO projects, ICOs and secondary Cryptocurrencies. Whilst it is the Fund’s intention to hold long positions, a situation may arise whereby the Fund is required to liquidate a position or numerous positions due to market or other relevant conditions. The focus of this Fund is to invest in a number of projects at various stages of development, but ideally it aims at identifying projects that have, in the opinion of the Crypto Advisor, a high return potential i.e. pre-ICO to take advantage of the full up-side potential.