Listed technology incubator Fatfish Internet Group (ASX:FFG) continues to increase its exposure to blockchain and cryptocurrencies, with CEO Kin W. Lau confirming the company is pursuing a strategy to take advantage of the coming blockchain boom.
The company provides advisory services to approximately 18 digital-oriented companies and has recently taken a stake two key blockchain companies.
Fatfish has invested US$1m for a 27 percent interest in Kryptos-X, a cryptocurrency exchange, and US$1m for a controlling stake (51 percent) in APAC Mining, a Bitcoin and Etherium mining company.
Over the last nine months we’ve been very focused on investing in the crypto and blockchain space. We have done five investments throughout the blockchain cryptocurrency [industry],” Fatfish CEO Kin W. Lau said, at the TechKnow Invest Roadshow.
“We believe the crypto and blockchain space is a very modern disruption to the digital economy. There will be more and more people who will adopt blockchain and cryptocurrency as a means to transact and make payment on the Internet,” he said.
The strategic direction is an affirmation from the company that it sees large potential in distributed-ledger technology, with Fatfish focused on early stage investment to reap long-term rewards.
Fatfish seeks to incubate its technology ventures by offering a combination of corporate advisory, access to expert talent, merger and acquisition support, as well as IPO and ICO resources.
The second instalment of the TechKnow Invest Roadshow will be held at the Grand Hyatt Hotel in Melbourne on Thursday 12 April, to find out more or register please go to: https://www.techknowinvestroadshow.com.au/