$100M New Fund From Binance’s Ex-Managers

Some former executives of Binance, one of the crypto exchanges, have established a new $ 100 million fund to increase the use of crypto money.

The fund, created by Old Fashion Research (OFR), has received investment from some traditional mutual funds, family offices and angel investors.

Fund to metaverse technologies will focus, especially in emerging markets It will work to popularize the use of cryptocurrencies.

Old Fashion Research; It was founded by Ling Zhang, a former vice president of Binance’s M&A department, and Wayne Fu, the company’s former head of corporate development.

In the statement made by the OFR team, financial and banking services in emerging markets are still “not developed enough” and that people in these countries use cryptocurrencies is more likely specified.

The company also gave an example from the Southeast Asian market, explaining that crypto money technology can be used by people. “that it can change your life and the way you work” stressed.

The fund, established by Old Fashion Research, is currently Nansen, WOO Network and Metaverse Magna It has invested in more than 50 blockchain projects, including

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