Hashgraph Group Gains License to Launch $100M Web3 Fund in Switzerland
The Swiss-based Hashgraph Group has obtained a fund management license from the Abu Dhabi Global Market (ADGM) to launch a $100 million Web3 venture fund.
The fund will focus on investing in companies within the Hedera ecosystem, with Hashgraph Group contributing $20 million as seed capital. The group aims to collaborate with strategic co-investors, including government institutions and venture capital funds, to build a diversified portfolio.
The fund will prioritize investments in Web3 and deep tech companies, including AI, blockchain, robotics, and quantum computing, with a focus on projects that have a positive socio-economic impact.
Clever Robot News Desk 27th December 2024
