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Saudi Arabia's Wealth Fund Invests in Crypto-friendly VCs and Global Venture Firms.

1 min read
Source: Blockworks
TL;DR

Saudi Arabia's $620 billion sovereign wealth fund has invested in venture capital firms that are friendly towards cryptocurrencies. The Public Investment Fund (PIF) has backed Andreessen Horowitz, Ribbit Capital, and Accel, among others, which have invested in crypto-related startups. The move signals the PIF's interest in the potential of digital assets and its willingness to invest in the sector.

Topics:businesscryptocurrency#crypto-friendly#cryptocurrency#investment#saudi-arabia#venture-capital#wealth-fund
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  1. Saudi Arabia's $620B Wealth Fund Has Backed Crypto-friendly VCs  Blockworks
  2. Saudi Arabia Discloses Ties to Andreessen Horowitz, Dozens of Other Venture Funds  The Information
  3. Saudi Arabia's sovereign wealth fund reveals its VC portfolio  Axios
  4. Silicon Valley and Saudi Arabia are still closely intertwined despite age-old controversy  Fortune
  5. Saudi Wealth Fund Details Ties to Global Venture, Buyout Firms  Bloomberg
  6. View Full Coverage on Google News

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