Blockchain Capital bcap
What is Blockchain Capital?
Blockchain Capital (BCAP) is a tokenized evergreen venture fund associated with Blockchain Capital, a blockchain-focused venture firm founded in 2013. BCAP tokens represent an indirect economic interest in the fund that invests in equity and digital assets of blockchain-industry projects.
What problem does Blockchain Capital solve?
Traditional venture capital requires large capital commitments and has limited transferability. BCAP was designed to broaden access to a blockchain-focused venture portfolio using a token to represent indirect fund interest.
How does Blockchain Capital work?
BCAP tokens represent an indirect economic interest in an evergreen fund investing in blockchain-industry equity and digital assets. The initial offering took place in April 2017 at $1 per token. Returns were initially reinvested; a December 2024 announcement described a $0.25 per token USDC dividend.
Key facts
- Token symbol: BCAP
- Blockchain Capital founded in 2013
- Original offering: April 2017 at $1 per token
- Fund is evergreen venture fund
- December 2024: $0.25 per token USDC dividend announced
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Frequently asked questions
Is BCAP a cryptocurrency like Bitcoin?
No. BCAP is a tokenized venture-fund interest, not a general-purpose blockchain token.
Can BCAP tokens be redeemed?
No. Blockchain Capital's announcement says the fund's tokens are not redeemable.
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