Proof of Impact, the marketplace for global capital based on blockchain technology, has recently finished a major round of funding headed by Franklin Templeton.
Proof of Impact is a blockchain marketplace where users can invest and donate right into the tangible outcomes of the impact. It oversees the funding, trading of impact events, execution, as well as investment products of impact. The objective of the firm is to unite the donors with investors from companies that are concerned with impact and nonprofit.
Franklin Templeton Investments is an asset management firm based out in America. It has a portfolio that manages worth $700 billion of assets.
The exact value of funding is not yet disclosed, but the agreement entitles a representative from Franklin Templeton to have a spot with the board of Proof of Impact.
Earlier in September this year, the Franklin Templeton filed an introductory prospectus for a market fund on government money based on blockchain shares with the SEC.
The asset management firm’s fund is anticipated to contribute to a gamut of products like government securities of U.S. shares based on blockchain, along with repurchase agreements. It has been reported that virtual currencies will not be a part of the event.
Fleur Heyns, the cofounder of Proof of Impact, said:
We are extremely pleased that a global financial institution with extensive emerging market investment product experience and distribution capacity is committed to building the next generation impact investment market with us.
The investment takes a trajectory of expansion with Proof of Impact achieving undertakings meant to address several Development Goals. The marketplace will initiate in Q1 of 2020 in the Netherlands.
From the outset, we were adamant for Proof of Impact to attract commercial capital that can add long-term strategic value at the “technology – impact – finance” intersection we would like to dominate,
The round of funding even garnered interest from the world’s leading financial institutions like Ausum Ventures, Pangea Blockchain fund, and Crypto Valley Venture Capital. The funding has enabled the Proof of Impact to cater to all the goals that were a part of development strategies worldwide.