Huaxing Capital announces a $100 million entry into the Web 3.0 and cryptocurrency sectors

ChainCatcher news, according to the Hong Kong Stock Exchange announcement, the board of directors of Huaxing Capital Holdings has resolved to enter the Web3.0 and cryptocurrency asset fields, and approved a budget of $100 million, which is planned to be used for the group's development of Web3.0 business and investment in cryptocurrency assets over the next two years.

The announcement stated that the group will increase its investment in stablecoins, RWA (real-world assets), and the cryptocurrency ecosystem based on successful investments in Circle Internet Group and several cryptocurrency companies' IPOs and multiple rounds of financing, and will actively promote the application and upgrade of relevant business licenses.