One of Canada's largest investment funds hopes to take advantage of the ethereal ecosystem through a new venture.

Ethereum Capital, a newly formed entity formed primarily of the Canadian investment group OMERS, amasses $ 50 million and is preparing for a reverse takeover procedure. When the round of financing will be completed on February 16, the company will invest the funds in start-ups and blockchain startups, according to a press release.

The ultimate goal, said the company, is to become "the center of business and central investment for the Aethean ecosystem". To this end, the company will also purchase majority stakes in companies using Etereum tokens.

The company explained that it would sell 2 million subscription receipts, worth $ 2.50 each, in order to reach its funding goal.

Once this goal is reached, each share of the company, called Ethereum Shares, will be replaced later by an action of Movit Media Corp., which will then take over Ethereum Capital. The company will retain the name of Ethereum Capital.

The new firm's advisors include both traditional investors and representatives of blockchain startups. Notably, Liam Horne, a member of L4 Ventures of Vitalik Buterin, creator of the Ethereum, will be one of the leaders of Ethereum Capital's board of directors.

Joey Krug, director of Ethereum Capital and co-founder of Augur, the oracle's decentralized startup, said the potential of the Ethereum is largely untapped, according to a statement.

Krug said:

"The Ethereum network is just starting to show its potential, with a growing number of transactions and applications being created almost daily, which could disrupt many existing industries and I look forward to advising Ethereum Capital to its position to capitalize on the most promising of these resulting companies through strategic acquisitions. "

Image of Ethereum parts via Shutterstock

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