Alex Tapscott, a co-founder of Toronto’s Blockchain Research Institute, has launched NextBlock Global, a company dedicated to investing in the digital asset space. Tapscott also announced the close of an oversubscribed $20 million funding round to launch NextBlock Global.

NextBlock Global, which will be based in Toronto, will invest in the digital asset space, with a focus on assets like bitcoin and ethereum. The investment company will buy cryptocurrencies and invest in startups built using blockchain technology.

Tapscott said he decided to launch the company when he saw a demand from institutional and strategic investors who want to invest in the digital assets industry.

“We are delighted with the outcome of this financing and we are ready to lead in this fast changing and disruptive marketplace.”

“We are delighted with the outcome of this financing and we are ready to lead in this fast changing and disruptive marketplace,” said Tapscott. “Locating in Toronto and in Canada is the perfect strategic fit for NextBlock. Toronto has a deep pool of world-class talent, innovative regulators and banks, and some of the best blockchain startups in the world, and we are excited to contribute to this growing ecosystem.”

Tapscott is a blockchain evangelist that co-authored Blockchain Revolution: How The Technology Behind Bitcoin is Changing money, Business, And The World, with his father Don Tapscott. The father-son duo co-founded the Blockchain Research Institute, which announced a research partnership with several members of Canada’s public sector in June.