The Hong Kong fund "ProDigital Future Fund" plans to raise $100 million this year to invest in digital asset startups. It has now received at least $30 million in funding commitments, with first-round investors including Sunwah Kingsway Capital Holdings Ltd and Golin International Group Ltd. The fund is led by Ben Ng, a venture partner at Asian private equity firm SAIF Partners, and long-term technology investor Curt Shi. ProDigital Future will target early-stage and developing companies, especially technology companies that are transitioning to Web3. So far, the fund has invested in six digital asset projects, including Hong Kong-based metaverse company GigaSpace and Australian digital sports club One Future Football. (Bloomberg)
