Jihan Bowes-Little, the Managing Partner and Co-Founder of Bracket Capital, has announced the launch of a new fund called Pomp Bracket Digital Assets I, LLC.
The fund plans to invest in private equity with Bracket Capital recently raising $450 million to invest in mature private companies.
They buy shares from early employees who might want to cash out and don’t want to wait for an Initial Public Offering (IPO) with Bracket Capital so seemingly turning its attention towards this space.
Primarily probably because there are numerous well established, but still private, companies focusing on bitcoin or eth.
One example is Kraken, a long running crypto exchange that has not gone public. Or Binance, although it’s not clear whether they’d want the constrains, but Bitstamp has been running for years and could well IPO in Frankfurt or New York.
Currently there are very few publicly traded crypto companies, primarily miners and only one app that we could find which offers bitcoin services, that being Mogo on Nasdaq.
There are however many private crypto companies that have now sufficiently matured to go public, with Bracket Capital so seemingly targeting them to initiate a second hand crypto shares market.