Bitrue has announced the launch of a new investment arm that will leverage its six years of experience operating as a cryptocurrency exchange to help startups achieve product maturity, including capital investment, incubation advice, product development expertise, marketing support, industry connections, and more.
The new investment fund, called Bitrue Ventures, plans to invest $50,000 to $200,000 per project based on project needs, with no limit on the number of projects that can be invested. Projects that successfully launch products will also be able to list their tokens on the Bitrue exchange and take advantage of its integrated marketing services.
The venture capital fund plans to look for projects with investment potential in all Web3 sub-industries, initially focusing on AI and RWA projects. A pilot investment round has been completed, with funds allocated to Cardano-based projects WingRiders and Liqwid Finance.
Last month, cryptocurrency exchange Bitrue appointed Shruti Kohli as its new head of international business development as it seeks to expand its global partnerships. (Finance Feeds)