PFC Digital Currency Fund has established the Bahamas Blockchain Technology Angel Investor Network (BBTAIN) as “an exclusive, invitation-only, global angel investor membership and networking organization” that could increase investor access to companies in The Bahamas focused on blockchain-enabled technologies and other similar areas.
A press release on BBTAIN, explained that it was formed in the second quarter of this year and will sponsor bi-monthly meetings “not only to tackle the funding gap, but also increase investor access to companies” in disciplines such as international arbitrage, computer programming, software design, writing bioinformatics & analytics, nanotechnology, biomedical industries, and data storage or warehousing, among other areas.
General Partner of PFC Digital Currency Fund Patrick F. Clark II said in the release: “We have investor cohorts that are seeking a greater yield than they get in the bond market or the unpredictable, lackluster performance of the stock market these days. They seek angel investing as the newest type of alternative investment to potentially create a greater yield for a portion of their portfolio. The network of angel investors is keen to invest in early-stage businesses which have the potential to create disproportionate value.” According to the release, the launch of BBTAIN will be held at the SLS Baha Mar on November 9 and 10.
The BBTAIN organizers touted the Commercial Enterprises Act as a “timely foreign investment vehicle enticement for both Bahamian and global diverse companies establishing, expanding or relocating which will contribute to halting the ‘brain drain’ from The Bahamas”. “The story about how foreign direct angel investors can benefit from investing in The Bahamas needs to be better and more forcefully told,” the release points out.
“BBTAIN’s goal is to introduce the country’s business leaders, academicians, professionals, and government officials to share their insights to communicate effectively a unified message: ‘championing investment in The Bahamas’ which will attract smart money to diversify the economy, starting and developing technology sector companies.”
According to the release, PFC Digital Currency Fund has an international syndication of wealthy investors in the entertainment and sports industries who now prefer to invest in projects dealing with blockchain-enabled technologies, crypto assets and fintech while promoting Caribbean economic development and foreign direct investment.
Reference: The Nassau Guardian