Guggenheimer Investments, the company behind the Gugginheim blockchain, is investing $100m in a global investment fund.
The investment will fund blockchain startups, as well as a group of VCs.
Guggenhheimer is also funding the creation of a blockchain fund in India, according to the Guccenheim website.
“The blockchain ecosystem is changing the way we invest in technology and finance.
The blockchain platform will change the way you invest, as investors will be able to trade securities on the blockchain, which is the digital counterpart of paper,” Guccinheim wrote in a blog post.
The Guggens are a blockchain startup that was spun out of Guggenstein Capital in 2018.
It raised a $250m Series B in 2018, with an option to raise another $200m in 2019.
Guccern is also one of the most active early investors in blockchain startups.
In the first half of 2018, Guccenzhe raised $40m in funding from Andreessen Horowitz, Sequoia Capital, Accel Partners and Union Square Ventures.
Guffern recently raised $20m in an initial coin offering (ICO) and is now worth $1bn.
The startup has raised $30m in venture capital funding and is building a data analytics platform.
Its chief executive, David Mihalce, previously founded the Blockchain Foundation, an NGO which promotes the use of blockchain technology in India.