Aussie blockchain investor goes global

Aussie blockchain investor goes global

Australian digital assets investment firm TCM Global Asset Management (formerly Token Capital Management) is making its first international foray.

TCM is chaired by former ANZ managing director of global markets, Steve Bellotti, and its chief executive is former JP Morgan managing director of Asia Pacific commodities trading, Jon Deane.

The firm has acquired a controlling stake, alongside high profile blockchain investor Frank Amato, in Cleveland-based Grasshopper Capital.

Grasshopper Capital’s first fund, launched in 2017 and closed in 2018, returned 29.28%. The fund was long only and focused on infrastructure opportunities in the blockchain ecosystem.

Grasshopper has now announced it will be launching a new fund, Grasshopper Capital Fund II LP, which it says will leverage the capital markets expertise at TCM as well as the blockchain knowledge of the existing Grasshopper team.

Grasshopper’s first fund was launched by Ari Lewis and Sagar Rambhia, who remain shareholders and will continue to be involved in operations and investment decisions.


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Source: Aussie blockchain investor goes global | Financial Standard