Borderless Capital has launched a $500 million fund investing in digital assets powering the next generation of decentralized applications on top of Algorand (ALGO). The Miami-based company started its first Alogorand-focused fund in June 2019. It initially raised $200 million and invested in more than 100 companies, including BlockDaemon, Six Clovers and Osprey Funds. “There is a huge room to grow from here,” David Garcia, Borderless Capital’s founding managing partner said. Borderless Capital has announced a new fund that will invest in the Algorand ecosystem specifically for products involving DeFi liquidity mining, yield farming, lending, borrowing and trading
The firm will be announcing specific investments of the new fund in the coming months. SkyBridge Capital and NAX revealed a partnership in September to offer decentralized applications and institutional investment opportunities that will be part of the initiative using Algorand.