A newly established crypto startup called Neoclassic Capital, created by ex-workers of Goldman Sachs and BlockTower Capital, secured funding from prominent individuals including Marc Andreessen, Chris Dixon, and Jeff Vinik. The startup aims to invest in tokenizing real-world assets, entertainment, crypto gaming, and social projects. Neoclassic Capital expressed interest in supporting tangible products, emphasizing the importance of moving away from speculative investments seen during the 2017 bull market.

The founders, Michael Bucella and Steve Lee, plan to leverage Neoclassic's expertise to connect Western crypto companies with markets in Japan, South Korea, and other parts of Asia. They highlighted the challenges faced by entities in the U.S. entering these localized regions due to regulatory uncertainties. Additionally, the firm intends to expand its offerings beyond direct investments to include hedge funds, growth equity, credit, and more in the future.

While the exact amount of funding remains undisclosed, Neoclassic Capital also received investments from entities like L1 Digital AG and Genki Oda from SBI Holdings. The growth of interest in digital assets globally, particularly in Bitcoin and Ethereum, has sparked the attention of family offices in Asia. Zann Kwan from Revo Digital Family Office emphasized the potential benefits of diversifying portfolios and increasing returns through both direct and indirect cryptocurrency investments.