Brock Pierce, chairman of the Bitcoin Foundation, speaks at the Ambrosetti Forum in Cernobbio, Italy, on Friday, April 8, 2016. Italian financial institutions are "intensively" working on a solution that would see private investors participate in a fund aimed at supporting the recapitalization of troubled lenders, UniCredit SpA Chief Executive Officer Federico Ghizzoni said. Photographer: Alessia Pierdomenico/Bloomberg *** Local Caption *** Brock Pierce

ISSUE – Feb. 26 | Venture Capital Fund to Become First to Issue Own Digital Tokens

Blockchain Capital LLC, which backs startups that use the technology best known for supporting bitcoin, plans to raise a new $50 million fund partly by issuing its own digital tokens, becoming the first venture fund to do so. The San Francisco-based company seeks to raise a portion of its third blockchain fund through an initial coin offering, or ICO, of tokens and the larger part from traditional venture-capital investors who typically contribute a minimum, Managing Partner Brock Pierce, who is also chairman of the Bitcoin Foundation, said in an interview. [ Bloomberg ]