Transform Ventures launches holding company for blockchain with $100M AUM

Transform Ventures has co-invested in a new holding company in what it states is an effort to accelerate blockchain investment and innovation. Alpha Transform Holdings (ATH) aims to support the blockchain ecosystem through investments via two new funds.

ATH was created by merging select assets from Transform Ventures and Alpha Sigma Capital’s parent company, which will include two funds amounting to $100 million in assets under management.

According to an announcement shared with Cointelegraph, the new assets include majority ownership in Content Syndicate, a Transform Ventures-backed content services company. Moreover, the investments will fund the creation of two funds: the Alpha Liquid digital asset fund and the Aegean Fund.

Transform Ventures was founded by Michael Terpin, a crypto investor who previously sued a New York teenager for $71.4 million in damages for allegedly snatching cryptocurrency from his phone. For ATH, Terpin invested $2.65 million in cash, Bitcoin (BTC) and Ether (ETH), with an option to invest an additional $2.9 million.

Speaking about the development, Enzo Villani, Alpha Transform Holding’s CEO and chief investment officer, stated:

“The ATH vision is to shepherd in a new era of financial and technological innovation leveraging decentralization, blockchain technology and Web3 infrastructure.”

The new holding company’s three focus areas include delivering suites of products under asset management, Alpha Transform products and Alpha Transform strategies.

Related: How are crypto launchpads revolutionizing the DeFi industry?

While major investors and venture capitalists continue to pour millions of dollars into blockchain innovation, some investors have started showing negative sentiment, leading to increased outflows.

As Cointelegraph reported, based on CoinShares’ findings, “overall volumes across investment products were low at US$844m for the week,” with Bitcoin market volumes 15% lower than usual, averaging $57 billion.