Black-Owned Blockchain VC Firm ‘SADA’ Launch’s in South Africa. 

 

Blockchain VC firm South African Digital Assets Partnership (SADA) was launched in South Africa. it’s a  black-owned venture capital company, based in Sandton.

Supporting Blockchain Projects

By supporting projects that solve African challenges, South African Digital Assets Partnership is motivated as it aims at promoting the adoption of blockchain technology and cryptocurrencies.

Further more, SADA is incorporated to  build and invest in blockchain projects that seek to address Africa’s needs for a much more efficient and transparent financial system while presenting a wonderful opportunity for the people of our country and other countries globally  to be part of what we call the “6th Digital Revolution.

SADA concentrates basically on tokens, funds, businesses, and projects related to the blockchain and digital assets.

According to Zamo Tshabalala, the CEO of SADA in a press release, said:

we believe what cryptocurrencies and particularly bitcoin have done is to position the world to transact and invest in a new digital world, that’s why we call it the “6th Digital Revolution”

SADA’s board is comprised of blockchain entrepreneurs such as founder and CEO of Cryptovecs John Lombela, co-founder of GA Capital Mendy Nkosi, and founder of Blueline Accounting Group Hein Schmidt.

SADA’s Funds

Presently, SADA is running and managing five funds that strategically serve the diverse needs of investors not only in South Africabut on the entire continent.

Speaking further, Tshabalala said,  “SADA main focus is 100 percent on the rapidly evolving digital asset sector, utilizing our investors’ capital growth through a proprietary and actively managed investment strategy as well as placing a key focus on amazing projects and teams changing and improving the African economy through blockchain,”

SADA is guided by the relevant regulations in South Africa. According to an official statement, the company stated that:

“SADA has proactively aligned itself with regulation by being administered by an FSP registered entity known as Olwevu Group and is also a member of many blockchain associations including South African Financial Blockchain Consortium (SAFBC) which boasts of  members such as Standard Bank, MMI Holdings, and other big financial players in South Africa.

We understand the importance of regulation With the prevalence of scams that have ravaged  South Africa in the last four years, we really do understand the importance of regulation.

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Staying safe with Bitcoin

Credits: Angeline Mbogo

 

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