Investment firm CMCC Global has launched a new $100 million fund for blockchain startups in Asia.
Titan Fund The fund created under the name is for Web3 companies operating in areas such as gaming, metaverse, non-fungible token (NFT). in the early stages will invest.
The fund is managed by State Street; EY is the auditor.
The largest investor of the fund with a size of 100 million dollars is here 50 million dollars reported by Block.one (B1). Other investors include Richard Li-founded Pacific Century Group, Winklevoss Capital and Animoca Brands founder Yat Siu.
According to the statements shared by the company with the press, the fund, especially Web3 ecosystem in Hong Kong will focus. Authorities in Hong Kong cryptocurrencies and blockchain It has been cooperating with China for some time to make it an important center for Turkey.
Securities and Futures Commission in Hong Kong under new regime that comes into effect this summer since june from cryptocurrency trading platforms license application collects. According to local sources HashKey Exchange with OSLis among the names that managed to obtain a license.