Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT

COSIMO Ventures, an investment firm situated in Boston and Dublin, recently announced that the Rochester Institute of Technology (RIT) has endorsed them with a seven-figure investment.

The company disclosed in a recent securitized announcement with Blockchain.news that the venture capital firm was working on developing their new blockchain-focused tokenized trust, dubbed COSIMO X.

Managing Partner of COSIMO Ventures, Robert Frasca asserted that this was the first time any university in the United States had ever directly invested in a tokenized venture fund, making RIT the first university to hold a direct tokenized economic interest in a digital security firm. He also went on to express on behalf of COSIMO Ventures that with RIT’s funding, the investment firm hoped to achieve new heights of growth and breakthrough in the development of decentralized software protocols.

The Managing Partner also backed the newly instilled blockchain-focused tokenized fund—COSIMO X—and expressed this as a great opportunity of growth for his firm’s investors:

“We believe that the growth that we can foster as an investment firm will be what really resonates with our investors. Once the market fully understands the benefits of tokenization as it relates to fund investing, a structure like ours might become the market standard.” 

Blockchain Future Powered by COSIMO X

Image source: Shutterstock