Three of Russia's richest businesspersons, including Roman Abramovich, invest heavily in cryptocurrencies through the European Fund. Roman Abramovich, Alexander Abramov and Alexander Frolov invest in the new financial phenomenon Blackmoon Crypto. The new project aims to "create and maintain the world's best structure for tokenized funds," and is a subsidiary of Blackmoon Financial, which raised $ 30 million through ICO in partnership with the Berlin-based VC Target Global Fund.