2TM, a SoftBank-backed Brazilian company, has launched a venture capital unit with blockchain companies at its heart. It had raised $200 million from Japan’s SoftBank Group Corp for Mercado Bitcoin in a financing round over the summer.
Roberto Dagnoni, 2TM Chief Executive, told Reuters that 2TM Ventures has so far invested $32 million across a portfolio of 10 companies in the crypto universe. “We want to be the infrastructure provider for the token economy,” he said. “2TM seeks to become a catalyst for the new economy by supporting innovative and disruptive companies that are creating new financial applications and concepts.”
Dagnoni said 2TM, which runs the largest cryptocurrency exchange in Latin America, wants to become a catalyst for the new economy by supporting innovative and disruptive companies that are creating new financial applications and concepts. He added that investments would be made through traditional financial instruments like equity and convertible notes, as well as new-age methods like the direct purchase of tokens.
Reports state that the Brazilian company also has a stake in $PRINTS tokens in the Fingerprints DAO (decentralized autonomous organization), a non-fungible token curation and collection group. It should be noted that 2TM has also led seed rounds at Tropix and SL Tools.
Dagnoni believes SL Tools can become a marketplace of traditional and digital assets.