FBG Capital Makes Additional Investment in STP Network!
In addition to its equity investment, the investment fund now has direct STPT token exposure
FBG Capital, one of the earliest and best performing funds in the crypto industry, is increasing their investment in STP Network by making a sizable investment directly into STPT tokens.
This direct token investment is a strong sign of their increased commitment to STP’s future as the fund has already been a longtime partner and supporter, making one of the first equity investments into the team and now again into the token itself.
Founded in 2015, FBG Capital is an investment platform for blockchain technology. It is backed by institutional LPs including top venture capital funds, family offices as well as hedge funds in the US, China, and beyond. With headquarters in Asia and a global presence across the US, Singapore, Korea, and Israel, the firm has been a pioneer in blockchain investment and has supported over 70 projects in a wide range of frontier technologies, including Aelf, Zilliqa, Aeternity, Raiden, 0x, Kyber, Republic protocol, Nucypher, Polkadot, Omisego, MakerDao etc.
FBG Capital CEO, Vincent Zhou, said, “We were extremely impressed with the success of STP’s token launch last month and the enormous amount of momentum and work they’ve done in such a short time since.”
Since our IEO on Bittrex we have completed:
- Additional listings on Upbit and BitMax
- A strategic partnership with Ontology
- Announced Binance DEX migration
- Our first Proof of Business staking model, locking 16.5M STPT tokens
- 3 Micro Token Offerings (MTOs), distributing Thunder Token, BitMax, and MovieBloc to our community and burning 2.1M STPT tokens in the process
And we have more exciting news to come!
We are very excited to have a top fund like FBG double down on their belief in the STP project and look forward to building an even stronger partnership together going forward!
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STP Network
Anyone interested in learning more can visit us at https://stp.network/
If you’re an issuer interested in tokenizing your asset, please reach out to us at: contact@stp.network
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