ICO, Complementary To Venture Capital?

The management company Truffle Capital, chaired by Patrick Kron, announced Wednesday that it would be ” the first French investment fund to launch a digital asset issue, for one of its participation “: its’ is MoneyTrack, from an academic research project of Inria and the University of Leonardo da Vinci, which develops a platform that allows to validate and execute intelligent contracts of payment “directed” (gift voucher, reimbursement of disaster).

Can the ICO be complementary to seed and capital investment, to go faster and gain notoriety in the crypto community? “The ICO will be a lever of acceleration to allow the structure to establish itself durably as the reference platform globally, “says Truffle.

So far, the management and venture capital companies have expressed a certain mistrust of ICOs, which pose a threat to the ICOs’ model and rarely provide access to capital. In France, funds cannot invest in crypto-assets, and the Banque de France plans to limit the possibility for “certain regulated companies (insurance banks, management companies, etc.) to intervene in these crypto-assets “and to prohibit all marketing in collective vehicles intended for the general public. “