Digital Currency

Nanjing launches $1.5 billion blockchain investment fund

City of Nanjing, capital of Jiangsu province, China,  with Zhongguancun Blockchain Industry Alliance, a Beijing-based alliance formed by blockchain companies and government research institutes, announced establishing  $1.48 billion investment fund at the inaugural Industrial Public Chain Summit (IPCS) attended by Luo Qun, deputy secretary of the Communist Party of China in Nanjing, among other high-level local government officials. Among the fund’s first beneficiaries will be the UDAP Foundation and TokenX Community.

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