Krypton Capital, an venture capital firm based in the Ukrainian capital city of Kiev, with a focus on blockchain and cryptocurrency projects, has decided to move its headquarters to Malta.
"Malta is regarded as an ideal destination for blockchain and crypto-related companies due to its beneficial regulatory environment that supports innovation and blockchain technology development,” said the Founder and CEO of Krypton Capital, Ilan Tzorya, in comments to cryptocurrency website Cryptovest.
“The country has set the goal to become a blockchain capital and a global cryptocurrency industry standard-setter, which makes it a perfect place for Krypton Capital’s headquarters."
Founded in 2007 by Ilan Tzorya, Krypton Capital has an extensive investment portfolio with assets across a variety of industries, including media, software development, financial services and crypto and blockchain-related companies. It has considerable experience in the blockchain space, having invested in several upcoming crypto ventures.
The company’s leadership is now seeking further expansion opportunities and access to new markets and has decided to maintain a smaller presence in Ukraine and shift its headquarters to Malta, which in August ratified the three bills which will facilitate the local growth of the blockchain industry.
In the coming weeks, Krypton Capital’s key executives will be traveling to Malta to set up new offices for the relocation.