Odaily Planet Daily News: Private equity firm Inversion Capital announced the completion of a US$26.5 million seed round of financing, led by Dragonfly Capital, with participation from VanEck, Lightspeed Faction, ParaFi Capital, Portal Ventures, Mirana Ventures, Metalayer Ventures, Volt Capital, HashKey Capital, Race Capital, Balaji Srinivasan, Wintermute Ventures, Moonrock Capital, Breed VC, Topology, Casey K. Caruso, Bodhi Ventures, Lvna Capital, Escape Velocity, Folius Ventures, Comfy Capital, as well as Mike Dudas, Bryan Pellegrino, Jason Yanowitz, Andrew Steinwold, DCF God, Joshua Lim and other individuals and institutions.

Inversion Capital is a private equity firm focused on revitalizing traditional businesses by integrating blockchain infrastructure, particularly in sectors like telecommunications and financial services. Their strategy involves acquiring traditional businesses, such as mobile virtual network operators (MVNOs), and then deploying blockchain-based solutions to improve efficiency through features like instant settlement and reduced operating costs.