InFocus Group Holdings Limited has announced the launch of a new division, InFocus Digital Ventures, focusing on blockchain and digital technologies. This initiative is backed by a AUD 10 million financing from Mythos Group.
Launch of InFocus Digital Ventures
InFocus Digital Ventures is announced as a division aiming to integrate the company's existing products and services with future opportunities in digital assets. As CEO Ken Tovich noted, the new division will serve as a launchpad for new projects in areas such as blockchain, artificial intelligence, and Bitcoin.
Funding and Investments
InFocus will draw an initial AUD 2.5 million under the AUD 10 million financing facility aimed at investing in the Monochrome Bitcoin ETF. This will provide the company with indirect exposure to Bitcoin, allowing for profit realization either in cash or Bitcoin format depending on market conditions.
Goals of InFocus Digital Ventures
The new unit will focus on creating projects that combine the company's expertise in IT, cybersecurity, and software development. As a result, InFocus Digital Ventures aims to establish itself as a leader in blockchain-enabled service provision.
The launch of InFocus Digital Ventures reflects the company's strategic initiative in digital technology and blockchain, with an ambition to develop new projects focused on sustainable growth and profitability.
