A 224-year-old Swiss bank launches a $ 250 million fintech fund with a focus on tokenization It is targeted at companies specializing in asset tokenization, writes The Block.

224-year-old Swiss bank opens $ 250 million fintech fund with focus on tokenization

Asset manager Lombard Odier Investment Managers, part of a Swiss bank founded in 1796, has opened a new fintech fund. It focuses on companies specializing in asset tokenization, writes The Block.

The firm announced its new fintech strategy in May and has raised $ 250 million since then despite adverse market conditions..

Lombard Odier explained that they practice the “pick and shovel” method when investing in the digital asset space, choosing proposals related to tokenization, for example, real estate turnover using the blockchain. To date, she has invested in a consulting and software development company whose name has not been specified. The fund selects revenue-generating companies with a market capitalization of at least $ 500 million. Lombard Odier noted a shortage of listed companies involved in tokenization.

The fund is also considering other proposals from the financial technology space, including "all technologies that either expand existing financial services or create new ones." In addition, the investor intends to expand its digital asset strategy over the next five years..

“We will surely be able to benefit from these new assets. We expect that these will be mainly those companies that are unknown to us today, about which it is not publicly known, but which can grow quickly enough as soon as their innovation sphere begins to gain momentum, "- said in Lombard Odier.

In February, the German bank Bankhaus von der Heydt, founded in 1754, announced its intention to use the Stellar blockchain to tokenize securities..

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