What's New In Investments, Funds? – Turtle Creek, Janus Henderson, Concordium

Editorial Staff

3 October 2024

Turtle Creek
founder Lars Seier Christensen has invested an added €10 million ($9.84 million) into Switzerland-based , the blockchain ecosystem which he chairs.

The funds will be used to finance projects aiming to build on or integrate digital apps on the Concordium chain. A large area of growth for blockchain technology is funding projects related to decentralised finance (“DeFi”), gaming, the metaverse and various industrial applications.

All projects funded will also be able to obtain commercial and marketing support from Concordium, the group said in a statement earlier this week.

Christensen, who was interviewed a few weeks ago by this news service, is putting money into the space even while some “digital assets,” such as bitcoin, have seen their prices slump this year.

“I believe we are so early, and so undervalued, that despite all of the news of a recession, there is still great potential for incredible products with revolutionary, concrete real-world applications,” Christensen said of his latest investment.

Concordium describes itself as a “permissionless layer 1, science-backed blockchain” which balances privacy with accountability through its ID layer and the use of zero-knowledge proofs.