Cardano's venture wing Emurgo invests in digital bank Y2X
|- Emurgo, Cardano’s venture arm, becomes the principal investor in Y2X.
- Y2X is a leading digitally-friendly merchant and investment bank, helping entrepreneurs raise capital for expansion through Securities Token Offerings and other means.
Emurgo, the investment arm of Cardano, became the main investor in Y2X. Y2X is a digital bank for the decentralized economy. It helps entrepreneurs raise capital for expansion through Securities Token Offerings and other means. Regarding the investment, Manmeet Singh, EMURGO’s Chief Investment Officer, said:
“We are delighted to lead this funding round and foster closer cooperation with Y2X. We look forward to providing multiple solutions within the Cardano ecosystem to help Y2X and its partners to boost their growth, further secure their operations and optimize their processes.”
David Shuler, Y2X co-founder, said about the investment::
“The Blockchain is unleashing peer-to-peer engagement and creativity, propelling an explosive force that will drive innovation for entrepreneurs and technologists. Our partnership with EMURGO and Cardano will enable us to bring those innovative forces together to bear more effectively as we invest in and incubate new companies.”
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