Hong Kong-Based ProDigital Future Fund to Raise $100M for Digital Asset Startup Investment

Hong Kong-Based ProDigital Future Fund to Raise $100M for Digital Asset Startup Investment

ProDigital Future Fund, a Hong Kong-based fund, is raising $100 million this year to invest in digital asset startups. The fund is being led by Ben Ng, a venture partner at Asian private equity firm SAIF Partners, and Curt Shi, a long-time tech investor. The fund has already secured at least $30 million in funding commitments from investors, including Sunwah Kingsway Capital Holdings and Golin International Group.

ProDigital Future Fund will invest in early-stage and developing ventures, particularly tech companies with ties to China transitioning into Web3. The fund has already invested in six digital-asset projects, including Hong Kong-based metaverse company GigaSpace and Australia-based digital sports club One Future Football.

Hong Kong is actively courting crypto companies and talent to revive the financial center. The city’s support for crypto exchanges contrasts with sharp US regulatory scrutiny, although there are concerns that Hong Kong may one day reverse course. Nonetheless, ProDigital Future Fund is committed to its strategy, with Shi stating that

"nothing is perfect given the complexity of the crypto economy and current geopolitical situation."

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Fund

Web3

Related News
ZKasino Unilaterally Locks $33M of User Funds for 15 Months, Sparking Widespread Anger ZKasino Unilaterally Locks $33M of User Funds for 15 Months, Sparking Widespread Anger
Web3 Credentials and Rewards Platform Galxe Launch Mainnet Web3 Credentials and Rewards Platform Galxe Launch Mainnet
Cobie Launched Crypto Angel Investor Platform Cobie Launched Crypto Angel Investor Platform
Ton Chain to Allocate $115M for Community Rewards Programme Ton Chain to Allocate $115M for Community Rewards Programme
Worldcoin Sets New All-Time High on OpenAI's Sora AI Model Launch Worldcoin Sets New All-Time High on OpenAI's Sora AI Model Launch
Latest News More More
Mining Pool ViaBTC to Auction the "Epic Sat" After Mined the Bitcoin Fourth Halving Block
Tether to Freeze Assets Related to Sanctioned Entities in Venezuela
Payment Firm Block to Develop a Bitcoin Mining System
17 Hours Ago Tether Partnered with Telegram to Launch USDT Payment
17 Hours Ago Bitcoin Layer 2 Stacks to Rollout Nakamoto Upgrade
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open