Nucleus Vision, the contactless identity management system and retail loyalty program powered by cryptocurrency, has announced it has reached its $40 million USD fundraising hard cap. It's received backing from prominent investment firms including Alphabit Digital Currency Fund, FBG Capital, Kenetic Capital, Turiya Ventures, and BlockAsset, Fenbushi Capital subsidiary. The investments can help facilitate the development of a platform that lets customers securely share their data with retailers. Retailers will be able to leverage customer information to produce personalized in-store experiences and enable cryptocurrency transactions.
Nucleus Vision CEO Abhishek Pitti said: “The support of those leading blockchain investment firms represents a critical advance in achieving our objective of transforming the retail industry through blockchain technology. Their extensive knowledge of the blockchain space will end up being an invaluable asset to Nucleus Vision as we apply this technology to change the client experience in retail stores all over the world.” Alphabit is a leading blockchain asset investment company that specializes in counseling institutional and professional investors. Drawing upon its knowledge of cryptocurrencies and blockchain technology, Alphabit develops highly effective investment opportunities and offers investors with contact with probably the most promising blockchain projects on the market.
Alphabit CEO Liam Roberston said: “We are proud to aid a task of the high caliber of Nucleus Vision. They've they using the experience and expertise to achieve their innovative vision of giving brick-and- mortar stores exactly the same competitive advantages as online stores. By leveraging blockchain technology to make critical improvements to the retail space, Nucleus Vision is among the most far-reaching and revolutionary projects in the blockchain space up to now.”
BlockAsset, a Fenbushi Capital subsidiary, is one of the most active Singapore-based investment capital businesses that invests in blockchain-enabled companies. BlockAsset began by Fenbushi Capital Managing Partner Bo Shen; Fenbushi Capital Investment Team Member Remington Ong; and David Lee, the Founding father of Ferrell Asset Management, an Asia-focused financial services group dedicated to serving an investment and wealth management needs of family offices and private individuals globally. BlockAsset leverages experience in the digital asset space and powerful industry relations to invest in portfolios of leading digital assets. Kenetic is really a Hong Kong-based investment capital firm that are experts in early-stage startup companies, primarily in the blockchain and cryptocurrency space. Kenetic has served like a gateway to Asia for is partners, investors, and portfolio companies.
Turiya Ventures is early-stage and seed funding investment firm focusing on founders who're building key enabling infrastructure and applications within the blockchain space. The Turiya team aims to leverage its deep industry knowledge and technical expertise to help promising ventures in the blockchain space solve significant global problems.
Largely operating under the radar, FBG is a major powerhouse crypto and blockchain hedge fund based in Asia.