PR Newswire
InFocus Group Holdings Limited (InFocus), a data analytics and software solutions company, has unveiled InFocus Digital Ventures, a new unit dedicated to blockchain, digital assets, AI, and frontier technologies – backed by an AUD 10 million financing facility from Asia-Pacific digital asset powerhouse Mythos Group.
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“InFocus Digital Ventures is where our existing product and services platform meets the future of digital assets,” said Ken Tovich, CEO of InFocus. “With Mythos as a long-term partner, we now have the capital, the expertise, and the structure to launch ventures in blockchain, AI, and Bitcoin – and we’re doing it in a way that is intended to be revenue accretive and strategically aligned from the start.”
By the end of this week, InFocus will draw an initial AUD 2.5 million under the facility. Proceeds will be immediately invested into the Monochrome Bitcoin ETF (CBOE: IBTC), giving InFocus institutional-grade indirect exposure to Bitcoin while maintaining the ability to realise the investment in either cash or Bitcoin as strategic opportunities arise.
The full AUD 10 million convertible note issuance remains subject to shareholder and regulatory approvals. Mythos and other investors are subject to long-dated lockups of up to 360 days on any issued shares, a structure specifically designed to reinforce long-term alignment between Mythos and InFocus.
InFocus Digital Ventures will serve as the launchpad for projects that combine the InFocus’ proven capabilities in AI, cybersecurity, and software development with a view to being a leading blockchain-enabled service provider.
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