Author William Mougayar to Launch Blockchain Investment Fund

William Mougayar, venture capitalist and author of "The Business Blockchain," is launching an investment firm for blockchain startups and cryptocurrencies.

Mougayar will head up the new entity, dubbed Blockchain Technology Ventures, which is being being spun off from Switzerland-based Jabre Capital Partners, according to an announcement on Monday.

The new branch aims to invest in blockchain startups, certain tokens and publicly tradeable cryptocurrencies, the firm said.

He stressed that Blockchain Technology Ventures is "Not a hedge fund," but "More a venture capital-style fund that will take a long-term view to the market."

Mougayar could not say if the firm has already planned to invest in any cryptocurrencies or startup projects, but he did not discount investing in any particular coin or token.

The company plans to launch its first fund in July, he said, pending final approval from Switzerland's Financial Market Supervisory Authority.

An application is in its final stages, and the fund will be regulated by authority after it launches.

Startups looking for funding will be able to pitch their tokens and projects to the company, according to Mougayar, who added he will be specifically interested in early-stage projects and will use his experience in investing to determine whether to grant funding.

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