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Huaxing Capital Ventures into Web3, to Invest $100 Million in Developing Related Business and Crypto Assets
Summary: According to reports, Huaxing Capital Holdings announced on the Hong Kong Stock Exchange that its board has decided to venture into the Web3.0 and cryptocurrency asset field, approving a total budget of $100 million to be used over the next two years for the group's development of Web3.0 business and investment in crypto assets (crypto ...
According to reports, Huaxing Capital Holdings announced on the Hong Kong Stock Exchange that its board has decided to venture into the Web3.0 and cryptocurrency asset field, approving a total budget of $100 million to be used over the next two years for the group's development of Web3.0 business and investment in crypto assets (crypto asset investment plan). The document indicates that Huaxing Capital, following successful investments in Circle Internet Group and completion of several cryptocurrency companies' IPOs and multiple rounds of financing, will increase its investments and development efforts in stablecoins, RWA (real-world assets), and the entire cryptocurrency ecosystem, while actively expanding the group's related license applications and upgrades.
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Link: Huaxing Capital Ventures into Web3, to Invest $100 Million in Developing Related Business and Crypto Assets [Copy]
