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Huaxing Capital Holdings invests 100 million USD in the Web3.0 and Crypto Assets sectors
[Coin World] Coin World reported on June 26 that, according to a Hong Kong Stock Exchange announcement, the board of directors of Huaxing Capital Holdings has resolved to enter the fields of Web3.0 and Crypto Assets, and approved a budget of $100 million, planned for the next two years to develop the Group’s Web3.0 business and invest in Crypto Assets. The announcement pointed out that the Group will increase its investment in stablecoins, RWA (real-world assets), and the Crypto Assets ecosystem based on successful investments in Circle Internet Group and multiple IPOs and rounds of financing for various Crypto Assets companies, and actively promote the application and upgrade of related business licenses.