벤 프랭클린 기술 파트너스: 토큰화 벤처 캐피털

선구적인 토큰화 벤처 캐피털

In a landmark move for the regional venture capital sector, Ben Franklin Technology Partners (BFTP) of Southeastern Pennsylvania partnered with Securitize to launch the Global Opportunity Philadelphia Fund (“GO Philly Fund”).

This initiative represented one of the first times a state-backed economic development organization utilized blockchain technology to raise capital. By tokenizing the fund’s interest, BFTP aimed to open access to Philadelphia’s burgeoning startup ecosystem to a broader base of domestic and international investors.

“GO Philly” 펀드 모델 (펀드 I)

The GO Philly Fund was designed to operate alongside Ben Franklin’s traditional investment activities. While Ben Franklin is typically restricted to investing state funds within specific guidelines, the GO Philly Fund—structured as a private limited partnership—allowed for greater flexibility.

• 토큰화 구조: 펀드는 이더리움 블록체인에서 “GO Philly Tokens”를 발행했습니다. 이 디지털 증권은 펀드의 유한 파트너십 지분을 나타냅니다.
• 글로벌 접근: Securitize의 컴플라이언스 플랫폼을 사용함으로써 펀드는 KYC/AML 절차를 자동화하고 전 세계 인증 투자자들로부터 자본(암호화폐 포함)을 수락할 수 있었습니다.
• 성과: 펀드는 약 2,430만 달러를 성공적으로 모금했습니다. 이 자본을 고성장 현지 기업에 투자하여 Sidecar(Quartile에 인수)와 디지털 헬스 기업 Tridiuum(1억 달러에 인수) 등 눈에 띄는 탈출을 달성했습니다.

기술 파트너: Securitize

The project was an early validation for Securitize, which has since grown into a dominant force in the tokenization sector. By utilizing the DS (Digital Security) Protocol, Securitize ensured that the GO Philly Tokens remained compliant with U.S. securities laws throughout their lifecycle, managing trading restrictions and investor whitelisting directly on-chain.

확장: GO PA 펀드 II

Following the success of the tokenized pilot, Ben Franklin Technology Partners expanded the model. In late 2023, the organization announced the first close of the Global Opportunity Pennsylvania Fund II (GO PA Fund II), securing $28 million towards a $100 million target.

Unlike the regional focus of the first fund, Fund II is a statewide collaboration between all four Ben Franklin partners (Southeastern, Northeastern, Central/Northern, and Innovation Works in Pittsburgh). Anchor investors include Fulton Bank (FULT ), further validating the institutional appetite for these structured venture products.

왜 중요한가

The Ben Franklin case study proves that blockchain is not just for crypto-native startups. By adopting tokenization early, a traditional economic development agency was able to:

• 전 세계 투자자들로부터 새로운 자본을 유치합니다.
• 성공적인 탈출(예: Sidecar, Tridiuum, Clutch)을 통해 수익을 창출합니다.
• 모델을 더 크고 주 전체적인 투자 수단으로 확장합니다.