FEATURE: EL SALVADOR
CoreNest launches tokenized US $ 25m VC fund and accelerator in El Salvador – aiming for US $ 100m to build the‘ Silicon Valley of Latin America’
Global venture capital firm CoreNest has launched in El Salvador with a US $ 25 million tokenized fund on the Coreum blockchain and a worldclass accelerator program. Backed by government support and a planned US $ 100 million follow-on fund, the initiative seeks to transform El Salvador into the innovation hub of Latin America.
In a watershed moment for El Salvador’ s economic and technological transformation, CoreNest Capital, a global venture capital firm, has announced the official launch of its accelerator and tokenized venture capital fund in San Salvador.
Today, El Salvador is reaping the benefits of that positioning. Foreign direct investment has surged, crime rates have dropped dramatically and the government’ s aggressive infrastructure and Digital Transformation policies are attracting global players in finance, technology and tourism.
This initiative, backed by an initial US $ 25 million fund tokenized on the Coreum blockchain and supported by the Salvadoran government, aims to build nothing less than the‘ Silicon Valley of Latin America.’
“ Under the bold leadership of President Bukele, El Salvador has become a global beacon for innovation, freedom and ambition,” said Bob Ras, GP and Co-founder, CoreNest.
Over the next five years, CoreNest’ s accelerator program is expected to support 300 high-potential startups, offering them both investment and global market access. To ensure long-term scale, the firm is also preparing a US $ 100 million follow-on fund targeted at propelling the most promising ventures beyond seed stage into international competitiveness.
The launch is not only a financial milestone but also a cultural and strategic shift, positioning El Salvador as a regional hub for innovation, blockchain-based finance and frontier technologies.
A bold bet on El Salvador
Just a few years ago, El Salvador made headlines by becoming the first country in the world to adopt Bitcoin as legal tender. While controversial at the time, the move signaled the administration of President Nayib Bukele was willing to embrace bold and unconventional strategies to modernize the economy.
“ Supported by the government and powered by the very first tokenized VC fund on the Coreum chain, CoreNest is here to do more than fund startups. We’ re here to transform El Salvador into the Silicon Valley of Latin America, a launchpad for frontier technologies, world-class founders and region-defining innovation.”
The world’ s first tokenized VC fund
At the heart of CoreNest’ s initiative is its tokenized US $ 25 million venture capital fund, legally incorporated in El Salvador and tokenized on Coreum, a highperformance layer-1 blockchain.
Tokenization offers several advantages over traditional fund structures:
• Accessibility: By tokenizing fund shares, CoreNest can enable a broader range of global investors including those from emerging markets to participate. www. intelligentcio. com INTELLIGENTCIO LATAM 35