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16.11 - 06:59
H.K.-based CMCC Global's Crypto Fund Targets $300M, Drawing Tycoon Richard Li's Attention
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blockchain.newsA Hong Kong-based venture capital firm’s target of $300 million in assets for its latest crypto fund is attracting investors like Hong Kong tycoon Richard Li.
The CMCC Global Asset Management Ltd’s latest crypto fund allows investors to bet on blockchain and its applications.
Its fourth crypto token fund, which was launched in April, now has assets under management of close to $90 million and aims to reach the $300 million hard cap next year.
CMCC Global said that billionaire Li will roll over to the latest fund along with other existing investors. Li anchored CMCC Global’s previous fund via his investment manager Pacific Century Group.
One of the earliest and largest investors in blockchain platform Solana, CMCC Global — founded in 2016 by
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