Hong Kong’s Auros Launches $50 Million Investment Arm To Boost Crypto Startups

Hong Kong-based Cryptocurrency Market Maker, Auros, announced plans to invest $50 million in crypto start-up projects involving digital assets and Web3 projects, over the next 24 months.

Auros Co-Founder Announces Launch Investment Arm

Thrilled to announce that we are launching a VC arm with $50M to ignite the future of crypto startups. Our co-founder and CIO Ben Roth and head of ventures Julien Auchecorne shared how we're fueling the next wave of innovation in digital assets.

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— Auros (@Auros_global) July 9, 2024

The news came on 8 July 2024 via an interview with CoinDesk, where Auros Co-Founder and CIO Ben Roth confirmed that the investment will come from its new subsidiary, Auros Ventures. Roth plans to use the company’s experience in the digital asset industry to identify strong projects and support them from infancy to becoming established and liquid entities.

“Auros has seen tremendous growth since its inception in 2019,” Roth said. “The launch of Auros Ventures is a reaffirmation of our expansion strategy and a commitment to continue growing our role as a trusted industry steward that fosters sustainable ecosystem growth.”

The investment arm has 14 projects within its portfolio. Auros Ventures has already deployed close to $20 million since Q3 2023 and lists notable projects such as Pyth and Berachain.

Julien Auchecorne Chosen To Led Auros Ventures

Julien Auchecorne, formerly of XBTO and JP Morgan has been chosen to lead Auros Ventures. He is a seasoned expert in both traditional finance and digital assets.

On Auchecorne’s hire, Roth said, “We are thrilled to welcome Julien to our team, having witnessed his impressive track record in investments and business scaling.”

The investment arm plans to be active in supporting projects within its portfolio, participating in the strategic and operational development of its investments.

Auros Launches Venture Capital Arm, Appoints Julien Auchecorne as Head of Auros Ventures: Auros has unveiled the launch of Auros Ventures, with seasoned digital assets expert Julien Auchecorne at the helm. Auros Ventures' focus on investment will be on… https://t.co/XnkNbhqdM7

— Stock Market News (@Stock_Market_Pr) July 8, 2024

Commenting on his assignment, Auchecorne said, “Auros has made substantial strides in expanding its market presence in the past 18 months”. He added, “I am excited to be working with Ben and the exceptional team at Auros to support groundbreaking projects that push the boundaries of innovation in our industry.”

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.