JUNE 15TH, 2018, BEIJING: FBG Capital, Asia’s largest cryptocurrency fund, has become a strategic investor in the successful $65m private placement token sale of the Malta-based company chiliZ. FBG is known in the digital asset industry as one of the leading investment and trading companies in Asia, counting ventures like Ripio, Zilliqa, Republic Protocol and Eximchain amongst its triumphs.
“Gaining the support of FBG is an important milestone for our blockchain venture,” said Alexandre Dreyfus, CEO of chiliZ. “Their investment will help to increase our corporate identity in the crypto space globally and we can learn a great deal from one the best funds on the market.”
“We believe in the tokenization of industries outside the financial space, and envision that chiliZ can make a difference to the sports and esports industries,” said Richard Liu, partner of FBG Capital. “Blockchain brings innovation, transparency and high liquidity on a global scale. Asia is a major market for both sports and esports and we believe we can help chiliZ in their mission to succeed.”
FBG Capital joins the leading cryptocurrency exchange Binance and OK Blockchain Capital — the venture arm of the second largest cryptocurrency exchange, OKEx — as well as dozens of other strategic investors from Asia and Europe, in supporting the development of the chiliZ venture.
For more information, contact:
Emma Diskin PR & Communications Director
Email: [email protected] Mob: +356 7965 0033
Media Assets: www.chiliz.io/press/
Notes to Editors:
About chiliZ chiliZ is a subsidiary of Malta-based Mediarex Group, a global sports and entertainment organisation, founded in 2006, and is a member of the Enterprise Ethereum Alliance (EEA). Together with China and Hong Kong-based Venture Capital shareholders, the team comprises 20+ creatives, developers and gaming industry veterans from around the world, all well-versed in regulated gaming and technology. The chiliZ team has secured $65 million through private placement and is backed by some of the largest blockchain companies in the world, including Binance, OK Blockchain Capital, Ceyuan Ventures and FBG Capital. With a vision to provide innovative solutions within sports and esports, chiliZ aims to organise, empower and connect fans to players and teams in today’s most popular leagues and tournaments.