Tether invests 2 million dollars in tokenized investment tools under Arcanum Capital
Stablecoin issuer Tether has invested $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II. The Arcanum Emerging Technologies Fund II is a tokenized investment tool specializing in decentralized Web3 projects, according to James McDowall, managing partner at Arcanum Capital. He stated that the fund invests in Blockchain technology to enhance remittances, cross-border payments, privacy and provide banking services for those without bank accounts. Paolo Ardoino, CEO of Tether, said that resisting censorship and promoting open communication are the main goals of both Tether and the fund.
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