PANews reported on October 4 that the Nikkei Asian Review cited people familiar with the matter as global crypto trading volumes gradually recover. The Singapore-based Whampoa Group will launch a $100 million venture fund by the end of this year. The Whampoa Group is a multi-family office that invests in global technology companies. The venture fund may invest in Series A financing for Web3 and digital assets, and it was previously reported that the fund will be launched in the fourth quarter of 2022.

Meanwhile, Credit Saison's venture capital arm Saison Capital is also doubling down on blockchain and cryptocurrency, having set aside $100 million for venture investments, including Web2 and Web3. So far, it has completed 42 deals in the blockchain space. The Singapore-based investment firm said its average first check is between $200,000 and $500,000, with follow-up support throughout the development of portfolio companies. Some of the companies in its portfolio include crypto lending platform Helix, multi-party computing protection wallet Krayon, and Web3 gaming company Avium.