Brazilian crypto company 2TM is launching a dedicated venture capital entity. The new unit of the company, has so far invested $32 million in a portfolio of 10 companies in the cryptocurrency universe.

In an interview, the CEO of the Brazilian company 2TM announced that the company, backed by Softbank, which manages the largest cryptocurrency exchange in Latin America, has launched a venture capital unit focused on blockchain companies in the world. 2TM, valued at around $2.2 billion (€1.94 billion) after its last $50 million fundraising round, is the holding company of Mercado Bitcoin, with 3.2 million customers as of October 2021 The Brazilian company raised $200 million from Japanese group SoftBank Corp in a funding round this summer.