Hong Kong-Based Fund Set to Raise $100 Million for Web3 Startups Amid City's Crypto Revamp
A new Hong Kong-based fund is set to raise $100 million to invest in crypto companies as the city is accelerating toward its goal of becoming a global crypto hub with a more friendly regulatory stance. The ProDigital Fut...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The ProDigital Future Fund has already secured $30 million in commitments from major Asian investment firms, including Sunwah Kingsway Capital Holdings and Golin International Group, according to a Thursday report by Bloomberg. ...
Read More: Hong Kong-Based Fund Set to Raise $100 Million for Web3 Startups Amid City's Crypto Revamp
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt
KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a...
The Secret Service Recovers $25 Million in Crypto From Five Separate Investigations
Federal investigators seized more than $25 million in cryptocurrency through five investigations into international fraud schemes...
Bitcoin Miners Are Becoming AI Landlords. But Which Leases Are a Positive Investment Signal?
The best story in bitcoin mining hasn’t had anything to do with bitcoin in a long time. Years ago, this business (which long lived...
A $650 million wave of bridge hacks just triggered a $7 billion mass migration to Chainlink
Chainlink drew more than $7 billion of token value onto its cross-chain infrastructure in the second quarter as institutional adop...
The $25 million Bitcoin glitch hiding inside Wall Street’s clearinghouses
Two Wall Street trading desks can hold economically similar exposure to Bitcoin and still pay materially different amounts to keep...
Bluerock Acquisition Corp. files for $150M SPAC IPO with potential Web3 applications
Bluerock Acquisition Corp. raised $172.5M in its SPAC IPO with no industry restrictions, and its existing crypto fund makes a Web3...