China-based venture capital firm Sino Global Capital He created a $200 million fund to support his startups.
According to the news first reported by The Block Liquid Value Fund I The fund was founded with contributions from cryptocurrency exchange FTX and several other organizations.
Fund to focus on Ethereum and Solana ecosystems; It will invest in a variety of cryptocurrency projects, including those in the decentralized finance (DeFi) and non-fungible token (NFT) fields.
portfolio of the $200 million fund globally However, it was stated that the focus will be on the Asian market, including India.
Established in 2015 and operating in the Chinese market, Sino Global currently includes FTX, Solana, Serum, Clearpool and other names in its portfolio.