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22 November 2024 | 5:30 am
Founded in 2018, TRGC functions as a digital asset fund focused on backing visionary teams and companies that work for a better global financial system leveraging the growth potential of emerging technologies composed of blockchain, Web3, and DeFi innovators. The fund has decided to open itself up for outside investors willing to leverage the phenomenal growth in blockchain and DeFi.
Bitcoin, as an asset class, has gained unprecedented momentum over the past year. Between March 13th, 2020, and April 16th, 2021, the market capitalization of BTC increased from $104.6 billion to $1.134 trillion. On April 14th, 2021, Bitcoin attained its all-time high price of $64,863.10 from a mere $65.53 eight years ago. Growth in BTC empowered many of the world’s largest financial institutions to get into crypto and blockchain technology investments. In a radical shift in the view that traditional US banking entities had towards crypto, BNY Mellon, the oldest bank in the country, decided to offer integrated services for digital assets.
A poll conducted by JP Morgan, whose findings were publicly reported in early march 2021, found 22% of its respondents saying that their respective organizations were likely to trade or invest in cryptocurrencies. It was double the percentage of poll respondents (11%) saying yes when asked if their respective organizations were already trading or investing in cryptocurrencies.
At this crucial juncture, when institutional investors, family offices, private investment firms, and high net worth individuals are seeking opportunities to join the crypto growth story, comes TRGC’s decision to open its doors to outside investors for the first time. Till now, since its inception, TRGC has only worked in a closed capacity. But now, through TRGC, outside investors will get the opportunity for early-stage, high-quality blockchain projects. Standing testimony to TRGC’s excellence in choosing visionary projects, its portfolio includes some of the leading names of the DeFi world, including PolkaDot, Kava, Akash, AVA token, Akash Network, Stafi, and Reef.
While it is true that many leading investment management companies like BlackRock have also been dabbling with creating investment opportunities in Bitcoins, TRGC takes the proposition a step further. It creates opportunities for investors to get into blockchain infrastructure and DeFi (decentralized finance) protocols, cutting-edge technologies with exceptional growth opportunities. To give an idea of the growth potential of these technologies, The total value locked in DeFi increased from a mere $1.04 billion on June 1st, 2020, to nearly $87 billion on May 15th, 2021.
According to Etiënne vantKruys, managing partner of TRGC, “the world is starting to get a glimpse of the asymmetric opportunities that blockchain presents” where “exceptional founders are laying the groundwork for future growth and maturity of the ecosystem.”
TRGC has fueled this growth in blockchain and DeFi ecosystems by investing in the most promising projects adopting a backtested and research-driven investment process, combined with fungible go-to-market strategies. The core team of TRGC, composed of managing partner Etienne vantKruys, Yoon Kim, and Damian Williams, has the required deep-rooted expertise in both blockchain and traditional investment landscapes. Many projects from TRGC’s investment portfolio have crossed the token market capitalization of $1 billion. The “CoinTelegraph Blockchain Venture Capital Report” has recognized TRGC as one of the industry’s most influential digital asset funds.
In the history of providing structural support to the blockchain and DeFi solutions of tomorrow, TRGC has always played a leading role. PolkaDot, one of several early-stage investments made by TRGC, crossed the valuation of 36 billion. Similar was the success story with Andreessen Horowitz-backed open-source platform Avalanche.
Despite its immense growth opportunity, there is no denying that for investors not seasoned in blockchain, it remains a risky proposition to invest in early-stage projects and startups. TRGC can prove to be an efficient vehicle helping outside investors carefully avert and mitigate these risks. It has the experience and insight to equip family offices, HNIs, and other global investors with a secure entry point in this nascent yet high-growth market of blockchain and cryptocurrencies.
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