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The Blockchain Belief and Cryptocurrency Ecosystem is Expanding in Israel

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The Blockchain Belief and Cryptocurrency Ecosystem is Expanding in Israel

There are different countries attracting cryptocurrency and blockchain investments. However, Israel is showing that it has a lot to offer. The first cryptocurrency investment company in the country has just taken the decision to launch two funds that might allow the company to raise $50 million dollars.

Although the virtual currency market has been in a bear trend since the beginning of the year, the country has been moving towards crypto and blockchain adoption. According to Bloomberg, the first dedicated cryptocurrency investment company, Silver Castle Ltd., is targetting institutional and accredited investors.

Launching two funds, Silver Castle is expecting to raise $50 million dollars in assets under management before 2019. According to Silver Castle’s CEO, Eli Mizroch, the company was working for a year to enter the crypto market.

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