In a year of continuous evolutions and innovations regarding the world of cryptocurrencies, it seems that nobody wants to stop from introducing new investment solutions. Today it's the turn of Kraken, the world-famous exchange, that with the introduction of Kraken Ventures wanted to give a turn to the investment processes regarding new projects.
Before we venture into this news, though, it's worth briefly describing what Kraken represents.
Kraken: what is it?
Among the various online exchanges such as Binance, Coinbase, Bitfinex, or Bittrex, Kraken is undoubtedly one of the most famous and used, especially by the American public. What makes it stand out from the others is definitely its high level of security, which helps you protect your assets from any hacker attacks that could damage the wallets of many investors.
Apart from the classic 2FA, more commonly known as two-factor authentication, which is a dual-password system that protects the users' account, Kraken has SSL encryption that ensures a greater level of security. Besides, in case you are without devices for a certain period of time, you can decide to temporarily lock your profile.
Finally, in addition to the classic functions offered by other exchanges, i.e. those of buying and selling cryptocurrencies, exchange of assets, conversion into FIAT money and the possibility to implement trading strategies, Kraken holds each coin in Cold Wallets, isolated wallets that are ''touched'' only when the coin needs to be exchanged. As you can easily guess, users have been able to gain a lot of trust in this system over the years, making Kraken one of the most popular exchanges in the world.
The arrival of Kraken Ventures
After consolidating itself as a leader in the market, Kraken wanted to start a new independent project for investments on new currencies and startups in the fintech sector, a world that is having a huge success in recent times. Kraken Ventures' initiative is aimed at covering countries around the world, from Austin, to Berlin, to New York and Hong Kong, expanding to London and San Francisco.
Specifically, Kraken Ventures is an independent fund that allows those looking to invest to leverage the expertise of the exchange's team to be assisted on new fintech projects, new crypto companies and protocols, decentralized finance (DeFi) projects, innovative technologies such as AI (Artificial Intelligence), Machine Learning, cybersecurity and more. Investments can range from $250,000 to $3,000,000, giving you access to a solid team with decades of industry experience.
Kraken's Team
Those who rely on Kraken Ventures are not only assured of being part of a well-established business, but a true team of industry veterans such as Kirill Gourov, Akshi Federici and Brandon Gath, the latter of whom has a truly enviable resume.
With over 20 years of experience in financial services, Brandon most recently served as Head of Business Development at Kraken. Over time, he has been part of projects for Crosslend, Nervana Systems, Privitar, Digital Currency Group, Orbital Insight, Fortscale, Crypto Facilities, and many other companies.
Gath also said that Kraken Ventures will maintain a hands-on and versatile approach with client companies, as it plans to provide not only guidance toward new and promising projects, but also new business opportunities alongside ongoing support. The goal is to be able to support companies with its expertise in developing scalable platforms.
But Gath is not the only prominent figure on the team. Kirill, for example, recently supported the strategic part of Kraken's investments thanks to his established experience in the industry, having worked several years for multifamily offices in New York. Federici, for his part, has worked as an Expert Strategist for financial services such as BlackRock, ConsenSys and The Boston Consulting Group for over 15 years.
Conclusions
What to say? It certainly seems like Kraken Ventures has some great intentions for the future, allowing companies to be part of an experienced and visionary team.
That doesn't take away from the fact that, as usual, any investment can be risky, and must be carefully evaluated according to one's financial availability and goals.
However, projects like this help to improve the approach with cryptocurrencies and the fintech sector, worlds that are recently evolving exponentially.
As usual, the advice is to keep up to date with topics that, in the near future, could become an integral part of our daily lives.
*This article was translated manually and with a translator software from my original post on theledger.it, so I'll attach the link to my article here.
Learn More
- https://theledger.it/guide/defi-finanza-decentralizzata/
- https://theledger.it/recensioni/binance-lexchange-di-criptovalute-perfetto-per-i-traders/
- https://theledger.it/recensioni/coinbase-recensione-dellexchange-di-cryptovalute/
- https://theledger.it/news/finanza/ripple-xrp-e-kraken-exchange-stop-alle-operazioni-per-gli-utenti-statunitensi/
Bibliography
- https://twitter.com/krakenfx/status/1359873104768606210?s=20
- https://blog.kraken.com/post/7825/kraken-backs-launch-of-venture-capital-fund/
- https://www.krakenventures.com/investments
- https://www.blockchain4innovation.it/criptovalute/kraken-cose-e-come-utilizzarlo/#:~:text=Kraken%20%C3%A8%20uno%20dei%20maggiori,un%20certo%20livello%20di%20esperienza
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