Venture firm DNA launches desk for tokenized equity in startups
DNA Holdings has launched a deal desk for tokenized investments in blockchain projects, targeting high-net-worth investors and other venture firms in the Web3 space. The platform operates on the Chintai layer-1 network, tokenizing equity in early-stage projects as special purpose vehicles (SPVs). At launch, it features seven startups seeking funding between $325,000 and $2 million, with minimum investments starting at $2,500. Startups globally can apply for funding via the DNA website. The firm focuses on early-stage technology companies in Web3, crypto, AI, and gaming. Onchain investing provides access to an active secondary market, enhancing liquidity options. The platform aims to host over 50 SPVs, raising up to $10 million. In Q3 2024, crypto startups raised $2.4 billion from venture capital, a 20% decline from the previous quarter. ICOs are resurging in Europe under new EU regulations, with platforms like Legion offering merit-based fundraising systems.
