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Andreessen Horowitz Raises $40 Mln Funding For Digital Asset Market.
2021-05-27 | Eddy Morgan
“Now, by partnering with a number of the foremost prominent players within the global financial markets, we will realize our goal of providing the fabric for institutional trading of digital assets around the world.Arianna Simpson, the partner at Andreessen Horowitz, added, “We have reached an inflection point where widespread institutional adoption will progress only with robust, expansive, and institutional-grade market infrastructure in situ.” PayPal Ventures’ managing partner Peter Sanborn touted digital assets as playing a “key role” within the global economic system, adding that Talos’ software “provides that critical market structure support and enables institutions to reliably interact with virtual assets." Andreessen Horowitz has made an enormous splash within the digital currency market this year, backing layer-2 scaling solutions, NFT marketplaces, and privacy-focused blockchain protocols to the tune of $76 Mln. The risk capital firm has also unveiled plans for a $1 Bln crypto fund which will be employed to bootstrap various up-and-coming digital asset businesses.
