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Who is SPiCE VC? The First Tokenized Venture Capital Fund
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SPiCE VC is one of the first companies to delve into security tokens. By its estimates, it launched the 4th security token – ever. This speaks volumes to the amount of growth that is yet to be achieved in this industry.
What SPiCE VC offers is a means of financing for start-ups looking to establish themselves in the world of blockchain. More specifically, due to the infancy of the industry, SPiCE VC focuses its efforts on building a portfolio around companies developing infrastructure. It is this infrastructure development that will allow for industry expansion and success in the future.
What is the problem?
The companies that will utilize SPiCE VC often share similar hurdles. Investors do not necessarily want to put their funds into early stage companies, in a young industry. This is often due to a lack of liquidity, and leads to difficulty raising funds.
In addition to difficulties in fundraising, there is, simply, a vast amount of wealth locked up in assets. These assets may range from debt, real estate, and even to art. There needs to be a way to fractionalize the ownership of such items, and make this fractionalized ownership transferable.
In many instances ownership can also be difficult to prove. As the title of this article would indicate, someone needs to find a way to improve and reshape the way we think about asset ownership.
How will they solve it?
SPiCE VC is able to solve liquidity issues through the distribution of its very own security token. In doing so, investors in SPiCE VC are able to gain exposure to a portfolio of companies that they would not normally be willing to.
By facilitating fractionalized ownership of an asset, SPiCE VC is also able to bring liquidity to assets that never had it in the past. By issuing a security as a digital token, rather than a traditional certificate, holders gain immediate liquidity. This is due to the fact that these tokens can be transferred between parties via regulated platforms. Another benefit of tokenizing an asset is the immutability that blockchain offers. The very nature of blockchain assists with the validity of asset ownership.
For those that invest in SPiCE VC, the process is simple.
- SPiCE VC issues tokens to investors instead of certificates
- SPiCE VC provides capital to developing companies
- Pay exits directly to token holders
It is important to remember that SPiCE VC tokens are tradable globally, 24/7. As an investor’s situation may change, they have a means to enter and exit their positions seamlessly.
By handling asset ownership in this way, SPiCE VC estimates that it has the ability to unlock multiple trillions of dollars of illiquid funds.
The Team
SPiCE VC has three managing partners leading the way. Each has had a myriad of successes throughout their careers.
- Carlos Domingo – Managing Partner (Former CEO of Telefonica (TEF ) R&D)
- Tal Elyashiv – Managing Partner (Former CIO of Capital One (COF ))
- Ami Ben David – Managing Partner
What’s Next?
SPiCE VC achieved its goal of becoming one of the first security tokens to be traded on a regulated trading platform. With a portfolio consisting of major industry players such as Securitize, Bakkt, and INX, the team has successfully executed its roadmap.
As the sector matures, SPiCE VC continues to manage its fund and provide value to its token holders through strategic exits and portfolio growth.
To learn details about the project, please view our SpiceVC Token Listing page.
