CMCC Global commits $100 million to blockchain fund targeting Asian startups
Source: Pexels
Asian blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, allocating $100 million to support blockchain startups in the region.
Founded in 2016, CMCC Global is one of the first Asian venture capital firms focused solely on the blockchain ecosystem.
As announced on its official X page (formerly Twitter), the firm said that the fund's first focus region will be Hong Kong, before expanding to other Asian centers and, as a result, the world.
However, CMCC Global is not the only investor in Titan Fund.
Winklevoss Capital, owned by Gemini's Winklevoss Twins and Animoca Brands, are also major participants in the blockchain fund, according to an update shared by co-founder Martin Baumann with the South China Morning Post (SCMP).
Other investors such as Block.one, Pacific Century Group, Jebsen Capital and 30 others are also key players in the Titan Fund.
Shedding light on its next steps, Baumann said the blockchain fund will offer equity investments in early-stage blockchain infrastructure, consumer apps and crypto-financial services companies.
Source: Pexels
Asian blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, allocating $100 million to support blockchain startups in the region.
Founded in 2016, CMCC Global is one of the first Asian venture capital firms focused solely on the blockchain ecosystem.
As announced on its official X page (formerly Twitter), the firm said that the fund's first focus region will be Hong Kong, before expanding to other Asian centers and, as a result, the world.
However, CMCC Global is not the only investor in Titan Fund.
Winklevoss Capital, owned by Gemini's Winklevoss Twins and Animoca Brands, are also major participants in the blockchain fund, according to an update shared by co-founder Martin Baumann with the South China Morning Post (SCMP).
Other investors such as Block.one, Pacific Century Group, Jebsen Capital and 30 others are also key players in the Titan Fund.
Shedding light on its next steps, Baumann said the blockchain fund will offer equity investments in early-stage blockchain infrastructure, consumer apps and crypto-financial services companies.
