The fund will focus on three investment categories: blockchain infrastructure, consumer applications, and crypto financial services.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroCMCC Global has raised $100 million for its Titan Fund to support startups in Asia’s blockchain sectors, with backing from more than 30 investors, including Winklevoss Capital and Animoca Brands founder Yat Siu.Learn more about Access Protocol
Crypto-focused venture capital firm CMCC Global has raised $100 million for a new fund to back startups in Asia's blockchain sector, according to a report from the South China Morning Post. More than 30 investors including Winklevoss Capital and Animoca Brands founder Yat Siu are backing the new fund dubbed Titan Fund, the firm's co-founder Martin Baumann told"If Hong Kong continues on its route of embracing web3, there will naturally be more and more entrepreneurs starting companies in that space," Baumann told SCMP."And we can be their first capital.
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