CityBlock Capital, a venture capital platform issuing security tokens backed by equity in promising startups, is launching a $20m tokenized venture fund for investment into top New York City startups.
CityBlock will source capital globally and allocate it to proven local investors with track records of profitable exits. NYCQ is the first of three CityQ security tokens that the company plans to offer this year.
In addition to the capital raised by CityQ tokens, CityBlock provides investment partners with legal, back-office and fund administration.
Led by Jon Avidor, Rob Nance, and Max Goldstein, CityBlock Capital has partnered with Securitize on their token sales and will list CityQ tokens on AirSwap.
Advisers include Arlan Hamilton (Founder and Managing Partner of Backstage Capital), Anthony Pompliano (Morgan Creek Blockchain Capital), Carlos Domingo (Securitize / SPiCE VC) and Kevin White (Genesis Block Capital).