ABO Digital Brings Expertise and Flexibility to the Digital Asset Investment Space with $2bn in Executed Financing Commitments
Alpha Blue Ocean (ABO), the private investment firm based in the Bahamas and Dubai, announced on Feb 27 the launch of ABO Digital, a new investment firm providing alternative financing solutions to early-stage and high-growth companies in the digital asset space. With experience as a structured Private Investments in Public Equity (PIPE) investor with over $2 billion in executed financing commitments globally over the last five years, ABO Digital will bring institutional-grade expertise to the digital asset and blockchain industry.
The new firm aims to provide innovative and flexible funding solutions that will give blockchain projects access to more options for raising capital. ABO Digital’s launch comes at an opportune time for the digital asset space, as it is facing a bear market and reduced growth capital due to the recent crypto credit contagion. The new firm will address this need in the cryptocurrency market by providing access to alternative sources of funding.
The CEO of ABO Digital, Amine Nedjai, notes that the digital asset space is in the midst of a bear market, but there continues to be solid development by innovative protocols. A lot of large investors, such as venture capitalists, will have suffered losses from the recent crypto credit contagion, which reduces the pool of available growth capital for cryptocurrency projects that ABO Digital will help fill. Nedjai further adds that ABO Digital sees an interesting development in gaming as projects are working on more sustainable tokenomics, which can help drive adoption as well as the practical use of non-fungible tokens. The firm expects DeFi to continue capturing attention in this space, proving its robustness through the current crisis while continuing to innovate and find pragmatic solutions.
ABO Digital’s launch aligns with expectations for the digital asset space to come out of this crisis stronger in the next cycle. With a few major players that have dominated the investment space over the last few years, ABO Digital brings a fresh experience and an alternative way for projects to fund their development and expansion. The new firm’s entry into the market will provide more opportunities for blockchain projects to access the funds they need to build.
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