What Blockchain Foundation does

Blockchain Fond (also referenced as Blockchain Foundation) is a Denmark-based alternative investment fund manager that provides qualified Danish investors with regulated exposure to the global blockchain ecosystem. The firm was established by Aros Capital in 2020 and operates two closed-end limited partnerships — Blockchain Fond K/S (Fond I) and Blockchain Fond II K/S (Fond II) — both registered as Alternative Investment Funds (AIFs) with the Danish Financial Supervisory Authority (Finanstilsynet). The fund employs a macro-thematic investment approach with a "picks-and-shovels" orientation, prioritizing blockchain infrastructure builders over speculative digital assets and aggregating over 150 underlying exposures across global managers and funds.

The funds are distributed domestically by Aros Capital Fondsmæglerselskab A/S (a Finanstilsynet-approved distributor, FT nr. 8331) and managed by Danish Ventures FAIF ApS (a registered Fund Manager/FAIF, FT nr. 23242). Blockchain Fond I was the first Finanstilsynet-registered fund focused on blockchain-related companies, initially funded by friends-and-family capital. Blockchain Fond II was launched in 2022 to meet rising investor demand for blockchain exposure. Both vehicles are now fully invested and closed to new investors, and the firm has publicly stated there is no third blockchain fund currently in development. The company is headquartered in Aarhus, Denmark, supported by an advisory board and investment committee that includes senior figures from Coinify, IBM Denmark, Cryptomathic, Alexandra Instituttet, Firi, and the European Blockchain Center.

The revenue model is built on fund management fees and performance fees tied to the AIFs, but specific revenue figures are not publicly disclosed. Customer acquisition is content-led — educational webinars, website content, LinkedIn, and investor events — rather than broad marketing. The addressable customer segment is geographically narrow: Danish qualified investors seeking professionally managed, regulated, diversified exposure to blockchain technology. With both funds fully deployed and no successor vehicle announced, near-term activity is concentrated on portfolio management and market education.

Name

Blockchain Foundation

Legal name

Blockchain Fond K/S

Website

https://blockchainfond.dk

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Blockchain Fond is a Danish alternative investment fund manager operating two closed-end blockchain-focused funds (Fond I and II), providing Danish investors with regulated, diversified, macro-thematic exposure to the global blockchain ecosystem via a picks-and-shovels infrastructure strategy.

Ownership category

akta.pro rank

Headquarters

HQ city

Aarhus

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: Professional investment fund generating returns through management of blockchain-focused alternative investment funds (AIF) registered with Finanstilsynet. Revenue derived from fund management and performance.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Blockchain Fond operates as a macro-thematic investment fund focused on the blockchain universe, managing two Alternative Investment Funds (AIF) registered with the Danish Financial Supervisory Authority (Finanstilsynet): Blockchain Fond I and Blockchain Fond II. The funds provide Danish investors with diversified, professional exposure to the global blockchain ecosystem through 150+ underlying exposures, applying a 'picks-and-shovels' strategy that targets companies building blockchain infrastructure rather than speculative digital assets. Both funds are fully invested and closed to new investors.

Product overview

Blockchain Fond operates as a macro-thematic investment fund focused on the blockchain universe and the new digital future. The company manages two investment funds: Blockchain Fond I (the first Finanstilsynet-registered blockchain fund) and Blockchain Fond II (a diversified successor fund). Both funds invest in companies that merge the traditional world with the new digital future based on blockchain technology, focusing on infrastructure builders ('picks-and-shovels' approach), diversification across multiple factors, and enterprise blockchain adoption. Both funds are now fully invested and closed to new investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Blockchain Fond I The first blockchain-focused Alternative Investment Fund (AIF) registered with Finanstilsynet, established to give Danish investors access to the global blockchain ecosystem. The fund is now fully invested and closed to new investors. It targets companies that merge the traditional financial world with the new digital future based on blockchain technology.
• Blockchain Fond II A successor macro-thematic Alternative Investment Fund (AIF) registered with Finanstilsynet that provides investors with broad, diversified, and professional exposure to the blockchain universe. The fund applies a 'picks-and-shovels' investment approach focusing on companies building blockchain infrastructure. Both Fond I and Fond II are now fully invested and closed to new investors.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Danish Ventures FAIF ApScoreImplementation/ SI/ Consulting PartnerFund manager for Blockchain Fond I and II. Registered with Finanstilsynet as FAIF with FT nr. 23242. Handles fund administration and management of the alternative investment funds.
• Aros Capital Fondsmæglerselskab A/ScoreChannel Partner/ Reseller/ DistributorApproved distributor by Finanstilsynet with FT nr. 8331. Distributes Blockchain Fond I and II to Danish investors. CEO Jakob Madsen is also CEO & Owner of Aros Capital.
• Advisory Board and Investment CommitteecoreStrategic or Co-development PartnerComprised of blockchain experts from Coinify, IBM Denmark, Cryptomathic, Alexandra Instituttet, Firi, and European Blockchain Center. Provides expertise and network for global blockchain scene.
• Warburg SerresminorStrategic or Co-development PartnerPartnership with Warburg Serres for educational content. Jakob Mikkel Hansen, Partner at Warburg Serres, contributes to webinar content on tokens and tokenomics.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• CoinShares: Swedish-headquartered digital asset investment firm offering regulated blockchain/crypto investment products across Europe. Directly comparable as a listed blockchain-focused asset manager serving European retail with diversified exposure vehicles.
• Galaxy Digital: Public digital asset and blockchain investment management and advisory firm. Comparable as a diversified blockchain investment platform serving institutional and qualified investors globally.
• 21Shares: Issuer of crypto ETPs and thematic blockchain investment products, listed in Switzerland with EU-wide distribution. Comparable as a European-regulated blockchain investment product specialist targeting retail exposure.
• Bitwise Asset Management: US-based crypto asset manager offering index and thematic blockchain funds to advisors and institutions. Comparable as a pure-play blockchain asset manager pursuing diversified thematic exposure for investors.
• Polychain Capital: Crypto-native investment firm managing diversified blockchain funds from seed to liquid tokens. Comparable as a pure-play blockchain fund manager pursuing broad macro-thematic exposure.
• HashKey Capital: Asia-based digital asset investment firm managing diversified blockchain funds with both venture and liquid strategies. Comparable as a regulated, diversified blockchain asset manager.
• Pantera Capital: Long-standing blockchain-focused investment firm running venture and liquid token funds. Comparable as a blockchain-exclusive fund manager pursuing diversified macro-thematic exposure to the ecosystem.
• KR1 plc: Listed blockchain/crypto investment company focused on early-stage and liquid digital assets. Comparable as a small, public-markets-listed blockchain investment vehicle with diversified exposure — a nearer-size analog of Blockchain Fond.
• CMT Digital: Early-stage and liquid digital asset investment firm running thematic blockchain funds. Comparable as a diversified blockchain investment manager with infrastructure and token exposure.

Broad incumbents

• Andreessen Horowitz (a16z crypto): Major US venture firm with a dedicated crypto fund (a16z crypto) managing billions in blockchain assets. Comparable as a diversified blockchain investment manager, though operating at substantially greater scale and broader investment scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/blockchainfond
• Facebookfacebook.com/BlockchainFond

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blockchain Foundation