C1 Fund, a publicly traded closed-end fund focused on late-stage digital asset services and technology companies, announced it has acquired a position in Uphold, a multi-asset digital money platform.
Founded in 2015, Uphold provides users with access to cryptocurrencies, fiat currencies, stablecoins, and commodities through a unified platform. The company serves customers in more than 140 countries, supports over 300 currencies and commodities, and has facilitated more than $40 billion in transactions since its launch. Its platform enables “Anything-to-Anything” trading, allowing users to move directly between different asset classes.
The investment adds to C1 Fund’s portfolio of companies operating across digital assets, payments, and financial infrastructure. The firm said it remains focused on identifying private-market companies with strong business models and strategic relevance to the evolving financial ecosystem.
Uphold’s multi-asset architecture and global reach were cited as key factors in the investment, aligning with C1 Fund’s strategy of backing platforms that support broader participation in the digital asset economy.
C1 Fund is managed by C1 Advisors LLC and is headquartered in Palo Alto, California.
KEY QUOTES:
“Uphold is the type of platform we seek to back at C1 Fund because of its scale, global relevance and alignment with the continued development of digital finance. Its multi-asset architecture and broad product offering make Uphold a strong addition to our portfolio. We believe our investment in Uphold further demonstrates C1 Fund’s access to leading private digital asset companies.”
Elliot Han, Chief Investment Officer, C1 Fund Inc.
“We are pleased to add Uphold to C1 Fund’s growing portfolio of digital asset services and technology companies. We believe the company reflects several of the qualities we prioritize in our investment strategy, including utility, scale and relevance to the continued evolution of financial infrastructure. This investment is consistent with our focus on businesses helping enable broader participation in the digital asset economy.”
Dr. Najam Kidwai, Chief Executive Officer, C1 Fund Inc.
