The Rockaway Blockchain Fund (RBF) is gradually increasing its stakes and has now invested in a nine-figure amount for the first time. He sent about 112 million crowns to the American startup 1inch, which has now received almost four billion crowns from investors. Along with him, about 50 other investors invested money in the company, which valued the young technology company at $ 2.25 billion. The dollar unicorn, a company worth over a billion dollars, has been 1Inch since last year’s investment round.
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1Inch offers digital coin holders a tool that uses algorithms to compare exchange rates from all decentralized exchanges and find the most advantageous one. If the user wants to exchange, for example, an ether token for bitcoin, 1inch will find the most advantageous exchange rate and the conversion will take place automatically. “We see the 1inch business model with what Heureka’s price comparator does, for example,” explains Viktor Fischer, head of the Czech RBF fund, about the principle of service.
“The reason we trust the startup so much is simple. It is the market leader in decentralized stock market aggregators with a market share of 75 percent. In addition, it plans to launch the 1Inch Pro platform, which is designed for institutional investors, which fits exactly into our vision of connecting the blockchain and traditional world, “he added, adding that the fund had already invested the first money in the startup last December.
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The 1Inch Pro premium service is to be key for the further development of the startup, which is also confirmed by the fact that, according to the company, a large part of the capital raised should go to its development. 1Inch hopes to launch its premium version for institutional investors at the turn of next year. At the same time, however, he adds that the deadline may be delayed, because it will not be easy to match blockchain instruments to regulate the current financial market.
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RBF, which belongs to the Rockaway Capital group of entrepreneur Jakub Havrlant, is currently the largest blockchain fund in Europe with a firepower of 120 million euros. In addition to 1Inch, it has ten other “unicorns” in its portfolio – for example, Opium, which enables a decentralized equivalent of traditional financial derivatives trading, or the creator of the blockchain operating system Solana.
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