geometry

ChainCatcher news, according to information from the Hong Kong Securities and Futures Commission (SFC) website, Geometry Capital's wholly-owned subsidiary Geometry Capital (Hong Kong) Limited has been approved on May 20, 2024, by the SFC to engage in regulated activities under Type 4 and Type 9, focusing on virtual assets.Geometry Capital can manage a portfolio that is 100% invested in virtual assets under Type 9 license in Hong Kong, and can provide investment advice on virtual assets under Type 4 license.

ChainCatcher news, according to The Block, crypto wallet infrastructure startup Capsule has completed a funding round, with the amount undisclosed. Andreessen Horowitz (through its accelerator Crypto Startup School) and Geometry co-led the round, with participation from Spice Capital, Anchorage co-founders Diogo Monica and Nathan McCauley, Celo co-founders Rene Reinsberg and Marek Olszewski, and Sommelier Finance co-founder Zaki Manian. a16z's CSS accelerator program typically invests $500,000 in participating startups in exchange for 7% equity.Capsule was founded last year by Nitya Subramanian, former product lead of the Layer 1 blockchain Celo, aiming to help developers create wallets with interoperable transactions. The company currently has four employees, and Subramanian is looking to add some engineers. (Source link)