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Blockchain ID Skyblock coins shop Startup Gets $50 Million First
Investment from New Fund
Okta, a Nasdaq-listed company, has created a new $50 million VC Fund to invest
in technology startups at the early stages. This includes those that use
blockchain.
Okta, a provider of identity management solutions, announced Wednesday the
Okta Ventures Fund. It also stated that it had made its first investment in Trusted
Key, a blockchain-based identity startup. The amount of the investment was not
disclosed.
Trusted Key Skyblock coins shop was established by ex-Symantec, Oracle and
Microsoft executives. It offers digital identity solutions that allow organizations to
"work together in ecosystems to share strongly verified user identities with user
consent."
Okta announced that it will invest through its skyblock money venture fund in
startups focused on creating innovative solutions for its core business using
blockchain, artificial intelligence, and machine learning.
Frederic Kerrest (co-founder and chief operating officers of the San Francisco-
based company) said:
Okta Ventures will make investments in the growing number of startups that
address privacy, identity, and security. This is in line with Okta’s vision to enable
any organization to use any technology. More about Hypixel Skyblock Coins For
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Okta will provide capital and support its portfolio companies through its software
and co marketing opportunities.
Okta was founded in 2009 and has raised over $229 million in total funding,
according to Crunchbase. Notable investors include Sequoia Capital and Khosla
Ventures, as well as Andreessen Horowitz.
Okta went public in America in April 2017. The initial public offering (IPO), raised
$187 million and saw 11 million shares sell at $17 each. Since then, the share
price has risen dramatically to $89.
At the secret meeting at the Nasdaq Chicago, the issue of granting legal status to
cryptocurrency was discussed
This week, the Nasdaq Stock Exchange hosted a private meeting in Chicago
where representatives from both traditional finance and bitcoin exchanges
discussed ways to legitimize cryptocurrency. Bloomberg reports this according to
a source who was familiar with the events.
He said that representatives from Wall Street companies attended the meeting,
along with several large cryptocurrency exchanges, including the Gemini
Winklosov brother.
According to the source, the purpose of the meeting was to devise measures that
would allow the crypto-industry improve its reputation and justify its role in global
markets.
We also discussed the possible consequences of market regulation in the future
and the tools required to monitor this sector.
Official Nasdaq officials confirmed that such a meeting took place but declined
further comment. Gemini representatives didn't respond to our request for
comment.
Bloomberg sources said however that the cryptocurrency topic will not be the last
to be addressed at the meeting. They also stated that the participants are open
to discussing other issues in the dialogue.
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