CityBlock Capital Announces Strategic Investment from Stonegate Digital Capital Group
NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) -- CityBlock Capital announces a strategic investment from Stonegate Digital Capital Group, the investment arm of Blockchain Financial Group, a diversified blockchain technology business with operations in financial services, digital security token structuring and deployment, as well as blockchain technology and cryptocurrency investments.
Stonegate Digital Capital Group joins Morgan Creek Digital as institutional partners supporting CityBlock Capital’s mission of expanding the global digital economy through equity investments in early-stage blockchain infrastructure companies. CityBlock’s newest investment fund vehicle, NYCQ Venture Capital Ltd., leverages an industry-leading team and unique deal flow channels in blockchain technology investments. The CityBlock/NYCQ team is comprised of an all-star capital deployment team, including former members of Goldman Sachs, Softbank, Wells Fargo and Google.
“We are thrilled to have Stonegate’s deep industry expertise and strategic support as we invest in the powerful digital asset wave while it is still in its infancy. Our respective firms share a commitment to supporting the transformative effects of blockchain technology on the current financial system and this partnership solidifies the alignment of two pioneering groups,” said Rob Nance, Co-Founder and Managing Partner of CityBlock Capital.
The partnership enables CityBlock Capital to grow the investment capabilities of their blockchain investment business. William Uicker, Chief Strategy Officer of Blockchain Financial Group and Stonegate Digital Capital stated, “CityBlock Capital’s innovative approach to blockchain infrastructure investing provides tremendous value to the Blockchain Financial Group ecosystem. We are delighted to provide strategic capital to the CityBlock team as they continue to establish themselves as global leaders in digital asset investing.”
ABOUT CITYBLOCK CAPITAL & NYCQ CityBlock Capital (“CityBlock”) is the founder of NYCQ Venture Capital Ltd., a private fund open to accredited investors in the US and abroad. The fund does not invest in cryptocurrencies or utility tokens, but directly engages in the expansion of the global digital economy through equity investments in early-stage blockchain infrastructure companies. CityBlock uses blockchain technology to provide diversified access and liquidity to private company investing, and its all-star capital deployment team includes former Goldman Sachs, Softbank, and Google alumni.
ABOUT BLOCKCHAIN FINANCIAL GROUP & STONEGATE DIGITAL CAPITAL GROUP Blockchain Financial Group is a blockchain technology business with operations in financial services, digital security token structuring and deployment, as well as blockchain technology and cryptocurrency investments. Blockchain Financial Group holdings include Stonegate Digital Capital Group, Blockchain Venture Studios and Stonegate Global Fund Services. Please visit our website at www.BlockchainFinancialGroup.io
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