Hong Kong-based crypto venture capital firm, CMCC Global, has unveiled its fourth crypto fund, emphasizing equity investments in budding blockchain startups with a primary focus on Hong Kong. The venture capital initiative is financially supported by Hong Kong billionaire, Richard Li.
CMCC Global raised $100 million in a crypto fund named Titan Fund, to support Asian blockchain startups. The fund is entrusted to State Street as the fund administrator, and EY as auditor. Titan Fund closed its inaugural funding round on Oct. 4 after seeing participation from 30 investors, including blockchain company Block.one who is the fund’s lead investor.
