INEOS Hero Confirms $7.5 Million Venture Funding Round to Bring Bitcoin Ordinals To The

INEOS Hero, a firm that has been participating in the cryptocurrency area for some time now, has announced that it would be putting $7.5 million USD into an investment fund to invest in cryptocurrency startups. The organisation is aiming to invest in companies and initiatives that are focused on the development of the technology known as blockchain and its use in the financial sector.

The original fundraising round was sponsored by INEOS and managed by INEOS Hero, with additional investors including Chinese investment company Fosun International and entrepreneurship firm HarborVest Partners. The new investment fund will also see the inclusion of additional members to INEOS Hero's board, which presently comprises former Goldman Sachs CEO Richard Aylor, as well as Robert Kolodziejczak, who was formerly COO of Ipreo Group.

The fresh investment round will enable INEOS Hero to carry on its work with other cryptocurrency startups aiming to create solutions built around blockchain technology. According to their the site: INEOS Hero is committed to working with every stakeholder interested in building a more secure and transparent workplace for financial institutions and investors.