🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Huaxing Capital invests 100 million USD in Web3.0, focusing on investments in stablecoins and RWA.
On June 26, Huaxing Capital Holdings announced on the Hong Kong Stock Exchange that the board of directors resolved to enter the Web3.0 and Crypto Assets sectors, and approved a budget of 100 million USD to be used over the next two years for the group's development of Web3.0 business and investment in Crypto Assets (Crypto Assets investment plan).
The document shows that Huaxing Capital will increase its investment and development efforts in stablecoins, RWA (Real World Assets), and the entire Crypto Assets ecosystem, based on the successful investments in Circle Internet Group and the completion of initial public offerings and multiple rounds of financing for several Crypto Assets companies. The group will also actively expand the application and upgrading of related licenses.