According to PANews, Michael Bucella and Steve Lee, both alumni of Goldman Sachs Group and BlockTower Capital, have founded a new cryptocurrency investment firm named Neoclassic Capital. The firm focuses on derivatives, tokenization of real-world assets, entertainment, gaming, and social sectors.

In an interview, they revealed plans to invest in both private and public cryptocurrency markets. Since its establishment in January, the firm has received investments from venture capitalists such as Marc Andreessen, Chris Dixon, and Tampa Bay Lightning owner Jeff Vinik. The company has also secured investments from global investors including Zurich investment advisor L1 Digital AG and SBI Holdings executive Genki Od.

However, both Bucella and Lee have declined to disclose the assets they manage, citing confidentiality reasons.