Jeff Schumacher, founder and formerly head of corporate innovation and incubation services provider BCG Digital Ventures, has launched his new project, US-based investment manager and financial services firm 55 Catalyst Capital.
55 Catalyst focuses on decentralised technology developers and digital assets, and has begun raising funding according to a regulatory filing earlier this month that did not reveal a target.
The firm’s other founders include Jason Nolte, a venture partner for three years at GM Ventures, carmaker General Motors’ corporate venturing arm, and Juan Bruce, formerly managing partner of blockchain and digital asset investment fund Ænigma Capital.
Schumacher said: “Decentralised technology is about much more than cryptocurrency and blockchain. This is the next generation internet, and it will disrupt every sector. Today’s systems – from our technology to our governments and society – are broken and trust is declining.
“Decentralisation brings security, transparency and access in a way that restores trust. New economies and business models are being formed through decentralised technology. 55 Catalyst Capital will serve the finance and investment requirements of these new economies.”
