Blockchain ID Skyblock coins shop Startup Gets $50 Million First Investment from New Fund
Okta, a Nasdaq-listed company, has created a new $50 million VC Fund to invest in technology startups at the early stages. This includes those that use blockchain.
Okta, a provider of identity management solutions, announced Wednesday the Okta Ventures Fund. It also stated that it had made its first investment in Trusted Key, a blockchain-based identity startup. The amount of the investment was not disclosed.
Trusted Key Skyblock coins shop was established by ex-Symantec, Oracle and Microsoft executives. It offers digital identity solutions that allow organizations to "work together in ecosystems to share strongly verified user identities with user consent."
Okta announced that it will invest through its hypixel skyblock coins venture fund in startups focused on creating innovative solutions for its core business using blockchain, artificial intelligence, and machine learning.
Frederic Kerrest (co-founder and chief operating officers of the San Francisco-based company) said:
Okta Ventures will make investments in the growing number of startups that address privacy, identity, and security. This is in line with Okta’s vision to enable any organization to use any technology. More about Hypixel Skyblock Coins For Sale
Okta will provide capital and support its portfolio companies through its software and co marketing opportunities.
Okta was founded in 2009 and has raised over $229 million in total funding, according to Crunchbase. Notable investors include Sequoia Capital and Khosla Ventures, as well as Andreessen Horowitz.
Okta went public in America in April 2017. The initial public offering (IPO), raised $187 million and saw 11 million shares sell at $17 each. Since then, the share price has risen dramatically to $89.
At the secret meeting at the Nasdaq Chicago, the issue of granting legal status to cryptocurrency was discussed
This week, the Nasdaq Stock Exchange hosted a private meeting in Chicago where representatives from both traditional finance and bitcoin exchanges discussed ways to legitimize cryptocurrency. Bloomberg reports this according to a source who was familiar with the events.
He said that representatives from Wall Street companies attended the meeting, along with several large cryptocurrency exchanges, including the Gemini Winklosov brother.
According to the source, the purpose of the meeting was to devise measures that would allow the crypto-industry improve its reputation and justify its role in global markets.
We also discussed the possible consequences of market regulation in the future and the tools required to monitor this sector.
Official Nasdaq officials confirmed that such a meeting took place but declined further comment. Gemini representatives didn't respond to our request for comment.
Bloomberg sources said however that the cryptocurrency topic will not be the last to be addressed at the meeting. They also stated that the participants are open to discussing other issues in the dialogue.
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