{"id":60986,"date":"2023-10-06T09:10:03","date_gmt":"2023-10-06T13:10:03","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=60986"},"modified":"2023-10-06T09:11:25","modified_gmt":"2023-10-06T13:11:25","slug":"cmcc-global-launches-100m-to-support-blockchain-startups","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cmcc-global-launches-100m-to-support-blockchain-startups\/","title":{"rendered":"CMCC Global Launches $100M to Support Blockchain Startups"},"content":{"rendered":"\n

CMCC Global has established a $100 million fund to aid blockchain startups in Hong Kong<\/a> and other Asian countries.<\/p>\n\n\n\n

\"CMCC
CMCC Global Launches $100M to Support Blockchain Startups<\/figcaption><\/figure>\n\n\n\n

On October 4, CMCC finished raising more than $100 million from more than 30 investors for its Titan fund. Block.One, the Richard Li-owned Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Yat Siu, the founder of Animoca Brands<\/a>, were a few of the notable participants. <\/p>\n\n\n\n

Hong Kong-based blockchain startups in their early stages will receive equity investments from the fund. It had previously contributed to the creation of Mocaverse, a division of Animoca Brands. <\/p>\n\n\n\n

It played a significant role in the pre-seed investment round for Hong Kong-based web3 data infrastructure startup Terminal 3 in August. The Titan fund seeks to invest in the best businesses worldwide, even if it is not just focused on initiatives in Hong Kong. <\/p>\n\n\n\n

If Hong Kong continues to embrace web3, more entrepreneurs in the cryptocurrency business will emerge, and the fund will be prepared to invest in their initiatives, claims Baumann, co-founder of the Titan Fund\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

With the government collaborating with InvestHK, Hong Kong's department, to draw foreign investment in the sector, Hong Kong is quickly emerging as one of the top crypto centers in the world. <\/p>\n\n\n\n

The Securities and Futures Commission<\/a> (SFC) of Hong Kong started accepting applications for licenses to operate cryptocurrency trading platforms in June 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

CMCC Global has established a $100 million fund to aid blockchain startups in Hong Kong and other Asian countries. On October 4, CMCC finished raising more than $100 million from more than 30 investors for its Titan fund. Block.One, the Richard Li-owned Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Yat Siu, the founder of […]<\/p>\n","protected":false},"author":43,"featured_media":60988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[202,5288,1543],"class_list":["post-60986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-blockchain","tag-cmcc-global","tag-sfc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/croc_1696594860686.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=60986"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/60988"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=60986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=60986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=60986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}