Transform Ventures launches holding company for blockchain with $100M AUM

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Transform Ventures co-invested in a new holding company in an effort to accelerate blockchain investment and innovation. Alpha Transform Holdings (ATH) aims to support the blockchain ecosystem through investments by two new funds.

ATH was created by combining select assets from Transform Ventures and Alpha Sigma Capital’s parent company. This includes two funds with assets under management reaching his $100 million.

According to the announcement shared with Cointelegraph, the new assets include a majority ownership interest in Content Syndicate, a content services company backed by Transform Ventures. Additionally, the investment will fund the creation of two of his funds, the Alpha Liquid Digital Asset Fund and the Aegean Fund.

Transform Ventures was founded by crypto investor Michael Terpin. He previously sued his teenager in New York for $71.4 million in damages for allegedly stealing cryptocurrency from his cell phone. For ATH, Terpin invested $2.65 million in cash, Bitcoin (BTC) and Ether (ETH), with an option to invest another $2.9 million.

Commenting on the development, Enzo Villani, CEO and Chief Investment Officer of Alpha Transform Holding said:

“ATH’s vision is to leverage decentralization, blockchain technology and Web3 infrastructure to usher in a new era of financial and technological innovation.”

The new holding company’s three focus areas will include asset management, Alpha Transform products, and a range of product offerings under the Alpha Transform strategy.

Related: How is a cryptocurrency launchpad revolutionizing the DeFi industry?

While major investors and venture capitalists continue to pour millions of dollars into blockchain innovation, some investors are starting to show negative sentiment, leading to an increase in outflows.

Weekly cryptocurrency inflow and outflow data.Source: Coinshares

As reported by Cointelegraph, based on CoinShares research, “trading volumes across investment products were as low as US$844 million in a week,” while Bitcoin market trading volumes were 15% lower than normal, with an average of 570 was a billion dollars.