China Renaissance announces $100 million entry into Web3.0 and cryptocurrency sector
2025/06/26 10:26According to ChainCatcher, a notice from the Hong Kong Stock Exchange states that the board of Huaxing Capital Holdings has resolved to enter the Web3.0 and cryptocurrency asset sectors, approving a budget of $100 million to be allocated over the next two years for the group’s development of Web3.0 business and investment in cryptocurrency assets.
The announcement highlights that, building on successful investments in Circle Internet Group and multiple cryptocurrency companies’ IPOs and financing rounds, the group will further increase its commitment to stablecoins, RWA (real-world assets), and the cryptocurrency ecosystem, while actively pursuing the application and upgrade of relevant business licenses.
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