TechFlow News, May 21: According to Business Insider, blockchain venture capital firm BlockBooster announced on May 15 the launch of its inaugural fund—BlockBooster Digital Venture Fund I—with a target size of $50 million. The fund will focus on four key sectors: AI infrastructure, on-chain trading ecosystems, on-chain asset management, and tokenization of real-world assets (RWA), marking BlockBooster’s formal entry into the digital economy as a full-service alternative asset manager.
Founded in 2023, BlockBooster has received backing from institutional investors including OKX Ventures. Samuel Gu, Founder and CEO of BlockBooster, stated, “Deep incubation is the most proactive form of asset management,” adding that the launch of this fund represents a critical step toward institutionalizing the firm’s venture incubation capabilities.
It is reported that the fund’s first portfolio investments will be announced in the coming weeks.
