cFund, developed in partnership with IOG and Wave Financial, supports developers in building on the Cardano blockchain.
In the long-term, the hedge fund aims at becoming an integral part of Cardano, and a change-pioneer for its stakeholders.
The cFund investment activity is now gaining momentum as Cardano inches towards smart contract ability. As an early investment strategy, cFund focuses on innovative tech firms whose products are deployed on the Cardano blockchain. It also places interest in other research and development (R&D) projects from Input Output Hong Kong (IOG).
First announced at last year’s Shelley summit, the cFund hedge fund is managed by Wave Financial in partnership with IOG. The former is a digital asset manager with roughly $500 million in assets under management.
According to David Roebuck, Principal at Wave Financial, the “c” in cFund stands for “co-efficient”. This is a mathematical term that refers to the multiplier of a variable. cFund, therefo
