Transform Ventures and Alpha Sigma Capital have co-invested in a new holding company called Alpha Transform Holdings (ATH), which aims to accelerate blockchain investment and innovation.
ATH will support the blockchain ecosystem through investments via two new funds that will total $100 million in assets under management.
The new assets will include majority ownership in Content Syndicate, a Transform Ventures-backed content services company. The investments will fund the creation of two funds: the Alpha Liquid digital asset fund and the Aegean Fund.
Transform Ventures was founded by Michael Terpin, a crypto investor who previously sued a New York teenager for $71.4 million in damages for allegedly stealing cryptocurrency from his phone. For ATH, Terpin invested $2.65 million in cash, Bitcoin (BTC) and Ether (ETH), with an option to invest an additional $2.9 million.
Enzo Villani, Alpha Transform Holding’s CEO and chief investment officer, stated that the company’s vision is to shepherd in a new era of financial and technological innovation leveraging decentralization, blockchain technology, and Web3 infrastructure.
The new holding company’s three focus areas include delivering suites of products under asset management, Alpha Transform products, and Alpha Transform strategies.
While some investors have started showing negative sentiment towards blockchain innovation, leading to increased outflows, major investors and venture capitalists continue to pour millions of dollars into the industry.
Transform Ventures and Alpha Sigma Capital’s co-investment in ATH reflects their confidence in the future of blockchain and their commitment to supporting innovation in the space.