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Sonic to support startups using blockchain technology to provide solutions to environmental and social challenges, with a focus on carbon credit markets
HONG KONG, November 9, 2020 / PRNewswire / – Former CEO of Bitcoin.com Stefan Rust today announced the launch of Sonic Capital, Of Asia first venture capital and impact investment fund to be tokenized on the blockchain.
Sonic seeks to invest in startups that leverage blockchains and tokens to provide commercial solutions to challenges related to environmental regeneration and conservation, as well as social equality. Sonic will specifically focus on investing in assets that support the adoption and scale of carbon credit markets. The fund has a global mandate and will support companies in the Late Seed and Series A investment phases.
According to the IIF (“Institute of International Finance”), the global carbon market is set to grow 160 times in order to meet the commitments outlined in the Paris Agreement, further spurred by growing attention from both countries and companies to reduce their impact on the environment. Voluntary carbon credits are recognized as a credible solution for alleviating environmental challenges because they go beyond regulatory obligations and help finance carbon reduction projects from a variety of businesses.
Despite this momentum, there will be a growing gap between supply and demand due to the slow development of the global carbon market. Sonic Capital believes that blockchain and token application can alleviate some of the limitations and inefficiencies of existing processes and infrastructure to help drive the necessary growth. Decentralized governance can provide much-needed transparency and automate manual and timely processes, and as a result, reduce the current costs associated with issuing credit to enable greater participation by increasing liquidity.
Stefan Rust, Founder and CEO of Sonic Capital, said: “Our planet is facing a huge crisis of governance and responsibility regarding our environmental and social challenges. Consumers are demanding more and more action and transparency in the social and ecological impact of their products. . Investors and companies have a crucial role to play in adopting innovative solutions. Decentralized governance and the open source nature of blockchain can accelerate our trajectory towards eliminating our environmental debt and creating a sustainable future. “
“With this in mind, I am thrilled to launch Sonic Capital, which provides an innovative approach to investing by combining blockchain technology and emerging opportunities within the carbon market to drive impact. We look forward to supporting companies. state-of-the-art that are building the infrastructure, tools and solutions needed to create accountability, transparency and liquidity for the world’s natural resources and to deliver attractive returns and a positive impact to our stakeholders, “he added.
Sonic offers a unique proposition to companies and investors by leveraging the experience of Mr. Rust and his team, who have been at the forefront of mobile, blockchain and cryptocurrency innovation while at companies like Bitcoin.com, Lykke and others. In addition to providing critical growth capital to businesses, the Sonic team will leverage their experience as entrepreneurs, business leaders and investors to provide practical support to portfolio companies.
Of Asia first tokenized venture capital fund, Sonic aims to democratize the traditional venture model by lowering the entry point for investment, creating upfront liquidity opportunities, and offering token holders a seat at the table through participation in the nomination and approval process of ‘agreement. The fund’s tokenization allows anyone to invest directly from their mobile phone, allowing Re: Generation to join Sonic to change the world.
Alyssa Aaron, Partner at Sonic Capital, said: “Technology is a powerful equalizer. By leveraging cutting-edge blockchain and token technologies, we not only hope to address some of the most pressing environmental and social issues of our time, but also provide a new model for investors to access the incredible financial opportunities associated with responsible investing, driven by the shift in consumer and business preferences. Given the positive momentum surrounding environmental, social and governance initiatives, now is the ideal time to launch an impact fund tokenized as Sonic in Asia. “
Sidley Austin is assisting Sonic Capital in setting up the fund.
“We are excited about the opportunity to work with Sonic Capital and leverage our expertise in two areas we are passionate about: impact investing and the digital age,” he said. Joy Lam, Partner of Sidley Austin. “Blockchain is not about a new way to bring people together to do business, but a better way to do business and make positive social change. We are very proud to partner with Sonic Capital in developing this innovative product that will improve sustainability and equality. . ”
About Sonic Capital
Founded in 2020, Sonic Capital is Of Asia first tokenized venture capital and impact investment fund. Sonic is dedicated to investing in startups that enable companies to accelerate their profitability and positive impact by incorporating environmental, social and governance elements into their operations. The firm more specifically seeks to invest in companies that leverage blockchains and tokens to provide commercial solutions to challenges related to environmental restoration and conservation, as well as social equality. Sonic has a global mandate and supports companies in the Late Seed and Series A investment phases. For more information, visit the Sonic Capital website at https://sonic.capital/.
Contact:
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SOURCE Sonic Capital
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