Svmuu reported, according to Reuters, that blockchain venture capital firm BlockBooster announced on May 15 the launch of its first fund, the BlockBooster Digital Venture Fund I, with a size of $50 million. The fund focuses on four major tracks: AI infrastructure, on-chain trading ecosystems, on-chain asset management, and real-world asset (RWA) tokenization, marking the company's official entry into the digital economy sector as a comprehensive alternative asset manager.
Founded in 2023, BlockBooster is backed by institutional investors including OKX Ventures. Samuel Gu, founder and CEO of the company, stated, "Deep incubation is the most proactive form of asset management." The launch of this fund represents a significant step in institutionalizing the firm's venture incubation capabilities.
It is reported that the fund's initial investment portfolio projects will be announced in the coming weeks.