Pluto Digital Assets raises $40 million and plans to spend on private NFT collection

Pluto Digital Assets, the decentralised technology investor, has raised $40 million in a recent funding round and will spend part of this on building a private NFT collection. 

Argo Blockchain PLC, led the funding round for London-based Pluto Digital Assets with an investment of around $10 million. This has led to Pluto amassing more than $50 million AUM within only 50 days of being launched. 

Pluto is already accumulating NFT assets and has said that it will publicise its collection in the near future. NFTs are certainly getting more than their fair share of the Cryptocurrency news and look to be continuing this trend as projects and platforms are launched to take advantage of such rampant interest. 

Director of Pluto, Atif Yaqub, commented: 

“This is a period of unprecedented opportunity to fill a void in the London markets, bringing a blend of traditional and crypto venture. We are delighted with the results of the fundraising which was heavily oversubscribed and thank our existing shareholders for their support and welcome our new investors. The funds give us the firepower for an aggressive push to become a leader in decentralised technology investment. We’re already engaged with an epic constellation of projects in the digital assets space and look forward to helping them bring their vision to fruition.” 

Pluto Digital Assets invests in and advises crypto companies in its role as a venture capital cum incubator. It is currently incubating YOP, the all-in-one yOptimisation Application. Another incubated project is Rokit Launcher, a whitelist management platform. 

Pluto stakes various digital assets such as Ethereum, Polkadot and Link among others, and also earns income from running validator nodes. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.