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A $5 Billion SoftBank Fund is 10% Crypto, LatAm Director Says

  • A $5 billion SoftBank fund is 10% crypto-related assets
  • It’s the most relevant thing going on globally: Passoni
Green Crypto Miner In Canada To Go Public With Ticker 'SATO'
Photographer: Christinne Muschi/Bloomberg

It’s “obvious” the most attractive space to invest in Latin America is crypto, according to SoftBank’s Paulo Passoni. 

The managing director of SoftBank’s Latin America Fund said approximately 10% of one of the firm’s $5 billion funds is invested in crypto-related assets, which is a strategy he supports even if some tokens are overvalued.