Former ParaFi Capital partner launches Inversion Capital to transform traditional enterprises into cryptocurrencies

Santiago Roel Santos, former partner at ParaFi Capital, announced the launch of a new private equity fund, Inversion Capital, which will "acquire traditional businesses that can benefit from a business model transformation by adopting crypto mechanisms." Santos believes that crypto-transforming traditional businesses can help them operate better, faster, and cheaper. Some businesses can benefit from adopting crypto tools to solve coordination problems that "manifest themselves as higher operating costs, capital expenditures, or reduced unit economics." He explained that it doesn't matter whether business owners are reluctant to accept cryptocurrencies, because Inversion Capital will not be an investment partner, but will acquire these businesses directly. Santos did not elaborate on how much he plans to raise through the fund, nor did he say whether an initial target has been selected. (The Block)