California University Students Invest $1 Million in Blockchain Startup
Triston Funds, a private investment fund run by a group of students at the University of California, San Diego, announced Thursday it has invested $1 million in a blockchain startup designed to enable people own “shares” in their cities’ local economies.
According to a press release, Triton Funds is investing into a blockchain-based smart City Network, CityShares. Powered by smart-cities company DigitalTown, CityShares encourages people to buy financial stakes in online portals about local economies operated by DiftalTown across the globe.
DigitalTown helps people search, connect, and buy local in over 13,000 cities globally. The company’s innovative search technology is branded in the identity of each city and creates discoverable online communities on web and mobile where residents and visitors take part in local economic success. A member of a particular DigitalTown will be able to access the services of any other DigitalTown through a single login that empowers residents and visitors to see the world through local eyes.
Speaking with GlobeNewswire about the Triston Funds investment, DigitalTown CEO, Rob Monster, said;
“Momentum is building for the global adoption of our blockchain-based platform for empowering thriving local economies built on the decentralized Internet. UCSD students and TRITON FUNDS have not only the prospect of financial return but, more importantly, the opportunity to make a real difference for the millennial generation of digital natives that are poised to unleash their true productive potential on the world.”
DigitalTown is commited to the growth and future of local communities. “The company envisions a global network of thriving sovereign local economies where residents and visitors buy local and buy direct,” the publication added.
Yash Thukral, co-founder of Triston Funds noted the significance of the investment stating that with the rate of technological advancements, their goal is to “support companies that understand how to shape an environment that will adapt and revolve around these changes”.
Triston Funds provides students the invaluable opportunity to gain real-world experience investing alongside experienced financial professionals. Its objective is to create an ecosystem that assists talented entrepreneurs in successfully growing their ideas and maintaining strong community ethical standards.
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