Scytale Digital Announces New Polkadot Ecosystem Fund

Press Release

For Immediate Release

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Scytale Digital Announces New Polkadot Ecosystem Fund

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Brussels, Belgium, July 12, 2024 — Scytale Digital, a leading asset management firm, is excited to announce the launch of the Scytale Polkadot Ecosystem Fund. This fund aims to leverage the transformative potential of the Polkadot network, offering investors unique opportunities in the blockchain and crypto space. The fund is expected to launch on October 1, 2024, and will be the first denominated in DOT, Polkadot’s native cryptocurrency.

Designed to capitalize on industry-leading technological infrastructure within the growing blockchain sector, this fund will offer significant exposure to early-stage startups within the Polkadot network, providing growth capital and other investments as a boost to the ecosystem. Partners can expect robust management and transparent investment strategies.

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Investment Strategy:

The Scytale Polkadot Ecosystem Fund is structured as a Cayman Island Limited Partnership. The fund accompanies several strategic undertakings recently initiated by Scytale and focuses on providing portfolio transparency and industry-standard information to its investors.

Managed by Scytale Digital, the fund aims to drive growth by investing in a diverse range of early-stage blockchain and crypto start-ups within the ecosystem or supporting new projects aiming to build on Polkadot. Additionally, the plan is to provide growth capital to the most successful and promising teams.

Scytale Digital maintains the highest standards of legal, operational, and investor relations compliance, alongside stringent adherence to financial and regulatory protocols, ensuring portfolio companies can leverage its expertise to concentrate on developing cutting-edge technology and effective product marketing.

‍The strategy is based on rigorous research and a commitment to identifying high-potential projects, complimented by the firm’s leadership role in ecosystem business development as well as accountability and oversight programs. 

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Leadership:

Mark Cachia, Founder & CIO of Scytale Digital, brings extensive experience from the financial industry and a deep understanding of blockchain technology. His leadership, combined with the expertise of Christoph Kampitsch, CEO of Scytale Digital, positions the fund for success.

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Performance and Track Record:

As the Web3 space continuously evolves, Scytale remains committed to investing in resilient projects. Scytale Digital has a strong track record with its previous funds, Scytale Horizon I, which returned a 20x multiple to investors in 2021 and Horizon II, which has shown significant performance since its inception.

Scytale Digital also acts as the official research partner for Crypto Finance AG’s actively managed certificate (AMC), the  “Scytale Ecosystem Liquid”, which provides investors with exposure to projects supporting the thesis that the future of blockchain is multichain and interoperable. The new Polkadot Ecosystem Fund aims to build on this success, targeting innovative projects that promise high returns. Scytale Digital has already invested in notable startups built on the Polkadot technology stack such as KILT, Centrifuge, Astar, Tanssi, OriginTrail, Moonbeam, and Acurast, and has brought projects over from other ecosystems, such as Energy Web, Aventus Network and Mythical Games, to name a few.

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"Launching the Polkadot Ecosystem Fund is a significant milestone for us," said Mark Cachia. "We believe in the transformative power of the Polkadot network and are excited to provide the promising talent in this ecosystem with additional support while offering our investors the opportunity to be part of this dynamic ecosystem."

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Fabian Gompf, CEO of the Web3 Foundation, added, "The Polkadot network is set to revolutionize how we think about blockchain technology. Scytale Digital's commitment to investing in projects in various stages within this ecosystem is a testament to the potential we see in Polkadot's ability to solve some of the most pressing issues in blockchain today."

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About Scytale Digital:

Scytale Digital is a leading investment management firm specializing in blockchain and cryptocurrency investments. Founded by industry veterans, the firm is dedicated to driving innovation and growth in the digital asset space.

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For more information about the Scytale Polkadot Ecosystem Fund, please visit the official website or on social media.

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For inquiries:

Contact: Ursula O’Kuinghttons

Ursula@scytale.digital