Crypto

TVL Capital raises $5 million to speed ETP on-chain push

TVL Capital, an institutional digital asset infrastructure company founded by former Morgan Stanley digital asset markets head Andrew Peel, has raised $5 million. The round was led by San Francisco-based venture capital firm Framework Ventures. TVL Capital plans to use the funds to strengthen its engineering and business development capabilities and speed the launch of its chain-traded product, or CTP. The company describes CTP as an on-chain version of exchange-traded products.

Crypto

Apex, Acas join Goldman Sachs tokenised real estate fund project

Apex Group, Acas, LRC Group and Ownera are participating in a tokenised real estate fund project that uses Goldman Sachs\' digital assets platform GS DAP. Apex Group will provide fund administration services, while LRC Group will manage the fund. The fund issues real estate fund interests as digital tokens. Goldman Sachs will supply GS DAP, and Acas will serve as custodian and an initial distribution partner.