C1 Fund Inc. (NYSE: CFND) today announced an investment in Alchemy, widely regarded as the AWS of the crypto industry as it provides mission-critical infrastructure for building and scaling blockchain applications. Founded in 2017, Alchemy has emerged as the core infrastructure layer for Web3, underpinning more than $100 billion in transactions annually and powering over 70% of the top crypto applications, including Robinhood, Stripe, JPMorgan and Coinbase.
“Alchemy is the leading infrastructure provider accelerating the growth of Web3 development,” said Elliot Han, Chief Investment Officer of C1 Fund Inc. “It’s platform reduces complexity for developers while supporting scale across numerous blockchains. Our investment reflects our conviction in Alchemy’s role as a core enabler of next-generation digital-asset applications.”
“We are pleased to add Alchemy to the C1 Fund portfolio as we continue investing in leading technology platforms within the digital-asset ecosystem,” said Dr. Najam Kidwai, Chief Executive Officer of C1 Fund Inc. “Alchemy’s infrastructure, multi-chain capabilities, and growth trajectory are aligned with our focus on companies building durable, long-term value across the digital-asset economy.”
The investment advances C1 Fund’s objective of constructing a concentrated portfolio of digital-asset services and technology companies with strong infrastructure and long-term scaling potential. Other recent C1 Fund announced investments include companies such as Kraken, Ripple, Chainalysis and Figment.
