2TM Group, Latin America’s crypto platform, is announcing the launch of 2TM Ventures
By Edlyn Cardoza
The Brazilian unicorn 2TM Group, holding company for MercadoBitcoin.com, Latin America’s largest crypto exchange, recently announced it has formalized its investment activities into a dedicated venture arm, titled “2TM Ventures”.
Headed by Daniel Cunha, Executive Director of Corporate Development at the 2TM Group, 2TM Ventures has already invested $32 million (USD) across a portfolio of ten companies.
With crypto still in its early days, 2TM Ventures’ purpose is to be a catalyst for the new economy by supporting innovative and disruptive companies that are ushering new financial applications and concepts. The objective is to provide capital, connections and industry expertise to entrepreneurs pushing the frontier of blockchain technology.
The scope of 2TM Ventures is wide and global by definition:
- Investments will target these areas: L1s, DAOs, Decentralized Social, DeFi, Financial Instruments, Digital Assets, NFTs, the Metaverse, and Infrastructure.
- Investments will be stage-agnostic, from seed to late stage.
- While we will make a special effort to support Brazilian and Latin American teams, our scope is global.
- Investments will be made using both traditional financial instruments such as equity and convertible notes and new instruments, including the direct purchase of tokens.
Here are three examples of investments 2TM Ventures has already made:
2TM acquired a stake of $PRINTS tokens in the Fingerprints DAO, the leading NFT curation and collection group, holding some 20,000 ETH worth of NFTs.
For us, joining Fingerprints DAO is, first and foremost, a learning experience on how new economic models can impact LatAm. We are curious about the decentralized autonomous organization model and see it as a more open and democratic version of how business is usually conducted.
Fingerprints DAO has not only amassed a monumental digital art collection but is also rising in prominence as NFT art curators and leaders.
2TM Ventures led the seed round at Tropix, a marketplace for digital art (NFTs). We believe NFTs applications hold exciting opportunities both in the real world and in the metaverse.
Tropix is building a tool that will serve as a registry for content creators, aiding to manage assets and resources better. Tropix is beginning with fine art, but the technology can be applied for various digital and traditional assets.
This investment gives us an entry into a fast-growing segment and the possibility of offering new digital assets on our platform.
2TM Ventures led the seed round at SLTools, a marketplace for stock lending that improves price discovery, provides scale and reduces operational cost for brokers, hedge funds and asset management.
They believe in the convergence of regulated markets and blockchain technology. SL Tools is an example of a new generation of financial markets infrastructure providers that uses blockchain to increase efficiency and reduce costs.
As believers in “the tokenization of everything”, they believe the platform can become a marketplace of traditional (public and private debt) and digital assets.
IBSi Daily News Analysis
March 24, 2023
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