German family officer Lennertz & Co has unveiled its third fund of funds dedicated to distributed ledger or blockchain technology.
The Blockchain Fund III provides access to a number of blockchain venture funds.
According to Lennertz & Co, the fund is focused on investing in companies that build and develop blockchain infrastructure, setting it apart from the multiple funds dedicated to cryptocurrencies.
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In total, the fund of funds’ portfolio covers around 350 companies from Europe and the US.
The first of the firm’s three blockchain funds was launched in 2020 with a second following two years later.
“In addition to artificial intelligence, defence and security, and impact investing – blockchain technology is one of the most attractive investment themes for the coming decades, and will dominate both the economy and society,” said Philipp Lennertz, managing partner at Lennertz & Co.
