Transform Ventures and Alpha Sigma Capital’s parent company have recently co-invested in a new holding company, Alpha Transform Holdings (ATH), with the aim of accelerating blockchain investment and innovation.
The holding company will be home to two new funds, the Alpha Liquid digital asset fund and the Aegean Fund, and will have $100 million in assets under management.
The assets that will be included in ATH have been merged from Transform Ventures and Alpha Sigma Capital’s parent company, which includes a majority ownership in Content Syndicate, a Transform Ventures-backed content services company.
ATH’s three focus areas include delivering suites of products under asset management, Alpha Transform products, and Alpha Transform strategies.
Transform Ventures was founded by Michael Terpin, a crypto investor who previously sued a New York teenager for $71.4 million in damages for allegedly snatching cryptocurrency from his phone.
For ATH, Terpin invested $2.65 million in cash, Bitcoin (BTC), and Ether (ETH), with an option to invest an additional $2.9 million.
Enzo Villani, CEO, and chief investment officer of Alpha Transform Holdings, stated, “The ATH vision is to shepherd in a new era of financial and technological innovation leveraging decentralization, blockchain technology and Web3 infrastructure.” The holding company aims to support the blockchain ecosystem through investments in the two funds.