fund News

Nym Technologies, a company specializing in blockchain privacy, has announced a multi-million dollar funding program with the goal of offering financial support to projects dedicated to constructing security-centric infrastructure. 

Binance CEO Changpeng Zhao’s industry recovery initiative (IRI), which boasted over $1 billion in its fund, has dwindled to a mere $32 million balance despite less than $30 million deployed. Zhao held the mantle of industry savior following the FTX…

A new venture capital fund called Oak Grove Ventures has launched with $60 million to invest in the intersection of web3, artificial intelligence, and biotech. According to a Sept. 19 Coindesk report, Oak Grove’s team includes Sally Wang, formerly of…

Bitget, a prominent crypto derivative and copy trading platform, has launched a $100 million fund to support next-generation crypto projects in Asia.  The Bitget Web3 Fund was introduced during Hong Kong Blockchain Week. It will invest in Web3-friendly venture capital…

One of the leading companies behind the Cosmos network, Tendermint, has launched a new fund worth around $20 million to support projects with potentials. Tendermint believes that the fund will be one of the largest investment milestones for the Cosmos…

Chainlink is up by 100 percent in just three weeks, crossing Litecoin as the eighth-largest cryptocurrency by market cap on Monday. Buoyed by dApps, Oracles Several fundamental factors provide insights into how Chainlink returned 100 percent to investors in three…

A 2018-founder crypto firm just got the green light from the U.S. SEC to function as an Ethereum-issuing investment fund on Monday, in a first such structure. Own a Hedge Fund’s Tokens Based in Los Angeles, Arca is an asset…

China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund. Authorities in Beijing continue to push for more involvement of the country’s government in leveraging the emerging technology across several…

Calastone, a leading global transaction network for the mutual fund industry, has launched its blockchain-powered Distributed Market Infrastructure (DMI) in a bid to enable digitalization and frictionless trading at a global scale, according to a blog post on May 20,…

Bitfury, one of the leading infrastructure providers for the Bitcoin blockchain, has collaborated with Final Frontier, a Swiss-based artificial intelligence (AI) and blockchain investment firm, to launch a regulated Bitcoin mining fund, according to a Reuters report on April 24,…

Canada’s first and only regulated bitcoin fund has now achieved mutual fund trust status enabling high-net-worth investors to hold bitcoin investments in their registered accounts. The fund includes registered retirement savings plans and tax-free savings accounts, First Block Capital announced…

Chinese messaging app Line recently announced on August 15, 2018, the launch of a $10 million investment fund dedicated to cryptocurrency startups. Line’s South Korean-based subsidiary Unblock Corporation will operate the fund, and it will be known as Unblock Ventures.…

Chinese blockchain identity verification startup THEKEY has announced that it has entered into a partnership with the Chinese government to develop social insurance blockchain applications. On Medium, CEO and Chairwoman Catherine Li also revealed that the company is launching a…

Luxembourg is a country that is often overlooked by financial experts. But things are evolving at an accelerated pace behind the scenes. The new FundChain initiative will investigate the potential of distributed ledger technology for the Luxembourg fund industry. A…