C1 Fund Inc. Announces Investment in Consensys — Expanding Portfolio Exposure to Core Ethereum Infrastructure and Developer Platform

Key Terms

closed-end investment company financial

A closed-end investment company is a pooled investment fund that issues a fixed number of shares in a one-time offering and then has those shares bought and sold on an exchange like a stock; a professional manager runs the portfolio of assets. It matters to investors because the market price can move above or below the value of the underlying holdings, affecting returns and income, and shares may be less flexible to issue or redeem compared with open-ended funds—think of buying a slice of a privately baked pie whose market price can differ from the pie’s actual ingredients value.

blockchain technical

A blockchain is a digital record-keeping system that securely stores information across many computers, making it difficult to alter or tamper with. Think of it like a shared, unchangeable ledger that everyone can see and verify, ensuring transparency and trust. For investors, this technology offers a way to securely track transactions and assets without relying on a central authority, potentially reducing costs and increasing security.

ethereum technical

Ethereum is a digital money system and computing platform built on a shared online ledger called a blockchain; its native token, ether (ETH), is used to pay for transactions and run automated contracts. Investors care because ether acts like a tradeable asset whose price can move sharply, and the platform’s usage, upgrades, and rules affect supply, demand and potential returns—think of it as both a new kind of commodity and the fuel for a global app store.

self-custodial technical

Self-custodial describes a setup where an individual or entity holds and controls their own assets or credentials directly, rather than trusting a third party to store them. For investors, it means you have full control and responsibility—like holding the only key to a safe: greater autonomy and potentially lower counterparty risk, but also greater responsibility for secure storage, loss recovery, and personal security practices.

web3 technical

An approach to the internet that uses decentralized technologies (like blockchains and smart contracts) to give users control over data, identity and digital assets instead of relying on a single company. For investors it matters because it enables new business models—token-based ownership, marketplaces and governance structures—but also brings higher volatility, novel revenue streams and regulatory uncertainty, so investment outcomes can be very different from traditional tech.

decentralized applications technical

Decentralized applications are software programs that run on a distributed network instead of a single company’s servers, letting users interact directly through code that enforces rules and transactions. Investors care because these apps create new ways to generate value and revenue tied to user adoption and token ecosystems, while carrying distinct risks such as code flaws, shifting user numbers and unclear regulatory treatment — like backing a marketplace built on immutable software.

api services technical

API services are the behind-the-scenes digital bridges that let different software systems talk to each other—like a waiter taking requests between a diner and the kitchen. For investors, they matter because they enable products to connect, scale, and add recurring revenue or lock-in effects; strong API offerings can drive faster growth, lower costs, and create partnerships, while poor or unreliable APIs can limit adoption and increase operational risk.

open-finance technical

Open-finance is a system that lets people and institutions share financial data and services securely between banks, apps, and other providers with the account holder’s permission, using common digital connections. It matters to investors because it can change how companies make money, reduce costs, boost competition and innovation, and provide clearer, faster insights into customer behavior—like opening new lanes on a highway so traffic and new businesses can move and grow more easily.

PALO ALTO, Calif.--(BUSINESS WIRE)-- C1 Fund Inc. (NYSE: CFND) (the “Fund”), a publicly traded closed-end investment company providing public-market investors with exposure to late-stage digital-asset services and technology companies, today announced that it has acquired a position in Consensys, a leading global blockchain software company and foundational contributor to the Ethereum ecosystem.

Consensys is widely recognized for its suite of infrastructure products supporting developers, enterprises and end-users worldwide. This includes its work across developer tools, middleware services, enterprise-grade blockchain infrastructure and key interfaces that enable safe and accessible interaction with Ethereum-based applications. Among these offerings is MetaMask, the world’s most widely used self-custodial Ethereum wallet and a major access point for millions of users engaging with Web3 applications. While MetaMask represents one of the company’s most visible products, Consensys’ broader platform spans infrastructure layers essential to powering the next generation of decentralized applications and financial services.

“Consensys stands at the center of the Ethereum ecosystem, powering both the infrastructure developers depend on and the user-facing applications that make open-finance accessible at global scale,” said Elliot Han, Chief Investment Officer of C1 Fund Inc. “Our investment reflects strong conviction in the company’s diversified product platform – from developer tooling and enterprise infrastructure to widely adopted applications like MetaMask – and the critical role Consensys plays in advancing institutional and mainstream adoption of Ethereum. This addition enhances the quality and strategic depth of our portfolio.”

Dr. Najam Kidwai, Chief Executive Officer of C1 Fund Inc., added: “We are pleased to welcome Consensys into our growing portfolio of leading digital-asset technology companies. Consensys combines technical excellence, global reach and a proven ability to deliver reliable infrastructure for one of the most important networks in modern financial technology. This investment aligns with our strategy of backing companies with durable business models, strong governance, and long-term relevance to the future of global finance.”

The investment in Consensys deepens the Fund’s exposure to companies building the infrastructure, developer-stack, and application layers that power the next generation of decentralized and open-finance applications. Through its products — including API services, enterprise blockchain solutions, security tools, and user interfaces such as MetaMask — Consensys enables millions of users and developers to participate in decentralized applications with reliability and security.

This investment marks the sixth publicly announced company added to the Fund’s portfolio since its IPO on August 7, 2025. The other companies in which C1 Fund has invested include Kraken, Ripple, Figment, Chainalysis and Alchemy. Financial information relating to this investment, together with details of the Fund’s other portfolio positions, will be reported in the Fund’s quarterly SEC filings, including its net asset value (“NAV”).

About C1 Fund Inc.

C1 Fund Inc. (NYSE: CFND) is a publicly traded closed-end investment company providing public-market investors with exposure to late-stage digital asset services and technology companies. The Fund is managed by C1 Advisors LLC and is headquartered in Palo Alto, California.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date hereof. Investing involves risk, including the possible loss of principal.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251215159862/en/

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Source: C1 Fund Inc.