Copy link
Increase text size
Decrease text size
Link copied

Franklin Templeton leads blockchain-based social impact platform’s funding round

Proof of Impact Homepage Screenshot (TokenPost)

Fri, 13 Dec 2019, 05:27 am UTC

Proof of Impact, a blockchain-based global marketplace for funding measurable impact outcomes, has announced the closing of its first institutional funding round. The amount raised has not been disclosed.

In a press release, Proof of Impact said that the round was led by asset management firm Franklin Templeton Investments, which manages around $700 billion in assets, and joined by Ausum Ventures, a fund dedicated to blockchain projects with social impact at their core; Crypto Valley Venture Capital “CV VC”, an early-stage blockchain startup fund in Crypto Valley; and Pangea Blockchain fund.

A representative of Franklin Templeton will join the startup’s B.V. board, offering their expertise in blockchain application and impact investing as well as help scale the POI offering globally.

“We are extremely pleased that a global financial institution with extensive emerging market investment product experience and distribution capacity is committed to build the next generation impact investment market with us,” said Proof of Impact co-founder Fleur Heyns.

Founded in 2017, Amsterdam-based Proof of Impact aims to offer liquid impact investment products and investment portfolios supported by blockchain technology to mobilise greater quantities and more diversified capital for proven impact.

Proof of Impact said that the funding will enable it to “continue its fast growth and execute its ambitious goal of securitizing proven impact and bringing proven impact investment products to global capital markets.” Its POI marketplace is slated to launch in The Netherlands in the first quarter of 2020.

Commenting on the investment, said Roger Bayston, Executive Vice President, Director of Quantitative & FinTech Strategies, Franklin Templeton Fixed Income Group, underscored Proof of Impact’s “ability to generate impact content in digital form.” He added:

“Proof of Impact has created an entirely new paradigm for social impact investment and management.”

Earlier in September, Franklin Templeton filed a preliminary prospectus with the U.S. SEC for a government money market fund with the ownership of fund’s shares to be recorded on the Stellar blockchain. Last month, it partnered with wallet provider Curv to protect digital assets for the new fund.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $11,617.80 (+4.11%)
  • Ethereum (ETH) $399.42 (+3.16%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $297.44 (+3.48%)
  • Bitcoin SV (BSV) $233.81 (+4.39%)
  • Bitcoin (BTC) $11,617.80 (+4.11%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.