Blockchain, Cryptocurrency

$93 Million Dollar China & South Korea Blockchain Fund launched by Huobi, NewMargin Capital and Kiwoom

A large $93 million blockchain fund has been announced by Chinese exchange Huobi, Chinese investment company NewMargin Capital and South Korean securities firm Kiwoom. The fund plans to invest in blockchain focused businesses within China and South Korea. Mirae Asset Financial Group located in Seoul, South Korea also plans on investing in the fund. This fund creation will have a large impact in start-ups located in the countries. This is positive news to powerful companies working together to invest in the future technology. We expect more investment funds to follow in the footsteps as blockchain technology is recognized worldwide.

 

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