- $100M ProDigital Fund
- Targets early-stage Web3
- Global investment reach
Hong Kong investors are making a bold statement in the world of cryptocurrency as they launch a controversial $100 million fund named ProDigital Future. This fund, targeting early-stage Web3 companies in the region, marks Hong Kong’s re-emergence as a key player in the digital industry.
Read CRYPTONEWSLAND on
google news
A Bloomberg report dated March 30 revealed that ProDigital Future has successfully amassed around $30 million in funds during its half-year fundraising period. However, the ambitious investors have set their sights on raising a staggering $100 million by the end of 2023.
The fund is spearheaded by Ben Ng, a partner at Hong Kong-based equity firm SAIF Partners, and Curt Shi, a seasoned tech investor from China. Notably, prominent firms like Sunwah Kingsway Capital Holdings and Golin International Group have thrown their support behind ProDigital Future.
Shi reported that the fundraising process has unfolded smoothly so far, despite investor caution surrounding crypto projects. Investors from Hong Kong and family offices from China, Australia, and Singapore have also backed the fund.
ProDigital Future has a global vision, embracing Hong Kong’s policies while intending to establish a presence in Australia, Singapore, Europe, and the United States. The fund has already made its mark by investing in six digital-asset projects, including metaverse company GigaSpace and One Future Football.
In other news, more than 2,600 IT leaders, researchers, and industry professionals have signed an open letter urging a temporary halt to the development of artificial intelligence (AI), citing grave worries about the potential dangers to society and mankind.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
