News

Eight Roads Ventures Scores Former Coinbase Japan CEO As Partner

Key Points:

  • Fidelity-backed VC firm hires former Coinbase Japan CEO as partner.
  • Kitazawa to add immense value to Eight Roads Ventures’ portfolio.
  • Fidelity continues to spread its wings into crypto, launching EDX Markets and Fidelity Digital Assets this year and building a dedicated crypto research team.
Eight Roads Ventures, a Fidelity-backed investment firm that manages assets worth over $11 billion, recently hired Nao Kitazawa as a venture partner.

Kitazawa was the former CEO of Coinbase Japan, where he worked for nearly five years.

According to a recent LinkedIn post, Kitazawa joined Eight Roads to pursue his passion for fintech and web3. He expressed his excitement to be a part of a firm with a successful track record of backing some of the world’s most innovative and disruptive companies.

Kitazawa’s appointment comes amid Fidelity’s expanding interest in the cryptocurrency market. EDX Markets, a Fidelity-backed crypto exchange, announced its launch earlier this week, despite regulatory crackdowns by the United States Securities and Exchange Commission and bearish market conditions. Additionally, Fidelity Digital Assets, which launched its platform earlier this year, allows millions of users to trade bitcoin and ether commission-free. Fidelity is also building a dedicated crypto research team to investigate the potential of blockchain technology.

Meanwhile, Eight Roads Ventures has invested in several crypto startups, including Fireblocks and Kaiko, according to The Block Pro’s Deals Dashboard. By appointing Kitazawa, Eight Roads Ventures expects to add immense value to its portfolio.

Eight Roads Ventures, formerly known as Fidelity Ventures, began investing in Boston in 1969. Today, it has investment teams across Asia, Europe, and the U.S. Last year, the firm launched a $350 million technology investment fund for China as well as a $250 million healthcare and life sciences fund for India.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

58 mins ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

4 hours ago

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

6 hours ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

6 hours ago

This website uses cookies.