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Huaxing Capital Holdings plans to invest 100 million USD in Web3 and Crypto Assets.
[Chain News] PANews, June 26 - According to an announcement from the Hong Kong Stock Exchange, the board of directors of Huaxing Capital Holdings has resolved to enter the fields of Web3.0 and Crypto Assets, and has approved a budget of $100 million to be used over the next two years for the group’s development of Web3.0 business and investment in Crypto Assets. The announcement stated that the group will increase its investments in stablecoins, RWA (real-world assets), and the Crypto Assets ecosystem based on successful investments in a certain company and several Crypto Assets enterprises’ IPOs and multiple rounds of financing, and will actively promote the application and upgrade of relevant business licenses.