Israel’s iCapital Partners With Hong Kong Blockchain Firm

Israeli blockchain fund and investment platform iCapital has teamed up with Hong Kong-based firm Enecuum, a blockchain platform focused on mobile mining, which allows users to mine coins using cellphones. Both companies signed an agreement for long-term cooperation,  iCapital said in a statement.

Shelly Hod Moyal, the founding partner of iCapital and iAngels, the Israeli investment crowdfunding platform for high-tech equity deals, will become Enecuum’s project adviser.

“We started investing in blockchain 3 years ago as we identify that the innovation of this technology has the potential to revolutionize and disrupt many aspects of our lives. We are passionate about projects where we can add value to the teams and support their efforts,” said Agada Nameri, general manager of iCapital. “As an investment platform that sees many projects from all over the world, we were particularly impressed by how Enecuum aims to solve current blockchains’ issues related to scalability, speed and security by applying a hybrid mechanism involving mobile mining and an evolutionary data structure which is a merger between traditional blockchains and directed acyclic graphs. We were excited by the Enecuum team’s vision, technology, and network strength.”

“Blockchain is a completely new class of assets in the market. It is gaining increasing popularity among funds and individuals around the world who want to diversify their portfolios. We express our deep gratitude to the iCapital team for their high level of appreciation and trust in our product,” Mikhail Saifullin, co-founder and CEO of Enecuum, said.