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Exto B3V Capital establishes new fund

Exto B3V Capital has set up a new blockchain investment fund in order for the venture capital firm to expand its cryptocurrency and related technology portfolio.

user iconLauren Croft 22 February 2022 Big Law
Exto B3V Capital establishes new fund
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Firm: King & Wood Mallesons (Exto Partners and Exto B3V Capital Pty Limited).

Deal: KWM has advised Exto Partners and Exto B3V Capital Pty Limited, the manager of Exto’s new blockchain fund, B3V Fund (b3v.io), on the establishment of the investment fund.

Value: N/A.

Area: Investments, technology.

Key players: The KWM team advising on the transaction was led by partner Tim Sherman and special counsel Judith Taylor, both members of the KWM tax team.

Deal significance: The new fund will make investments in cryptocurrencies, tokens and other blockchain-related investments and has commenced building its investment portfolio.

Commenting on the transaction, Mr Sherman said: “We are delighted to have worked with Exto in establishing their latest fund. Launching the fund was a significant milestone for all involved and an interesting venture in the context of the maturing regulatory environment for blockchain assets.”

Lauren Croft

Lauren Croft

Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.

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