The Fabric Ventures fund‘s (USD 130m in total) backers include major names from the crypto space, including the head of the Digital Currency Group, Ledger, Mike Novogratz’s Galaxy Digital and more.
The EIB owns over 61% of the EIFs shares, per its website, with the European Commission holding almost 31% and the remainder owned by “financial institutions from EU member states, the United Kingdom and Turkey.”
The EIF added that the fund “will invest in traditional equity as well as the software tokens and other digital assets native to these new inclusive and collaborative networks and applications.”
It explained:
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