Hong Kong VC firm, backed by Winklevoss twins, seeks $300 million for new crypto fund
Hong Kong has been one of the significant financial centers in the world. And as the world of crypto has been developing, the country has seen a growing population of crypto enthusiasts. To serve these demands, CMCC global, a Hong Kong-based venture capital firm is now aiming to gain $300 million worth of assets in its latest crypto fund.
The firm launched its latest crypto fund merely six months ago and reported close to $90 million in assets under management [AUM]. It aims to reach a hard cap of $300 million by early 2022. As per reports, the VC firm has hooked the interest of traditional investors Richard Li to bet on blockchain and its other applications.
Li previously anchored CMCC’s preceding fund through his investment manager, Pacific
Read more on ambcrypto.com
