According to Bloomberg, blockchain venture capital firm CMCC Global is launching a $100 million fund to invest in startups focusing on blockchain projects, targeting companies in Series A and B financing stages in Hong Kong and beyond.
Foresight News notes that CMCC Global co-founders Baumann and Morris hold a majority stake in CMCC, while Hong Kong tycoon Richard Li and Gemini Trust founders Cameron Winklevoss and Tyler Winklevoss are also investors in its holding entities.