A State-Backed VC Firm is Tokenizing an Investment Fund
Amidst a growing governmental debate for the usage of cryptocurrencies, an initiative by the Pennsylvania Department of Community and Economic Development is embracing the revolutionary technology. Announcing its plans through a press release, Ben Franklin Technology Partners of Southeastern Pennsylvania (Ben Franklin) shed light on its blockchain-based platform. How is This State Backed Firm Using Blockchain? The blockchain platform by Ben Franklin Technology is meant to streamline the management for an investment opportunity, the Global Opportunity Philadelphia Fund (GO Philly Fund). Ben Franklin Technology is the venture capital arm of the Pennsylvania Department of Community and Economic Development. For the…