Blockchain
HDFH Launches Global Digital Bank Consortium Blockchain Investment Fund at CIIE
The 2019 International Financial Cooperation Forum was held at the National Exhibition and Convention Center (Shanghai) during the 2nd China International Import Expo (CIIE). Shenzhen Hande Financial Technology Holdings Co., Ltd (HDFH) Chairman Cao Tong was invited to attend the event and delivered a keynote speech entitled “Global Investment Opportunities for China’s Digital Banks”.
At the forum, HDFH formally launched the Global Digital Bank Consortium Blockchain Investment Fund. The fund, initiated by HDFH, Yillion Bank and Zhongguancun Private Equity & Venture Capital Association (ZVCA) in collaboration with domestic and international investors, will invest in digital banks and proven fintech infrastructure platforms worldwide, as well as integrate the capabilities of the three parties’ management teams to facilitate the upgrading of investment targets, ultimately maximizing value in the capital markets.
“Based on the investors’ accumulation of experience in the fintech sector, the fund plans to invest in and create a leading digital bank, through which it will build a global digital bank consortium blockchain. The first step is to invest in and digitally transform a bank. The second step is to build a global digital bank consortium blockchain, with the digitally transformed bank as the main node.” HDFH Chairman Cao Tong said.
The size of Global Digital Bank Consortium Blockchain Investment Fund will be around US$1 billion with a term consisting of a 6-year investment phase and 2-year exit phase.The fund will initially invest in and digitally transform a bank, which will then serve as the main node of the global digital bank consortium blockchain.
“The fund empowers the targets through investment and fintech transformation, while building an innovative global digital bank consortium blockchain, achieving broader value for the participating digital banks.” Mr. Cao added.
HDFH, a leading fintech firm in China, has extensive fintech and blockchain technology reserves and operational experience and is an enabler of the digital transformation of banks and of consortium blockchain technology. Shenzhen Jia Asset Management, a subsidiary of HDFH, is the first fintech equity fund manager in China with extensive experience in investment management. In concert with Shenzhen-based state-owned enterprises, district governments, public companies, industry groups and commercial banks, Shenzhen Jia Asset Management has set up two fintech innovation and venture capital funds.
Yillion Bank is one of four internet banks in China to receive permission from the government to engage in online credit business. The bank has solid operational capacity through partnerships with Meituan, JD Finance, Xiaomi Finance and Du Xiaoman Financial. ZVCA brings to the table a large number of investment resources including public companies, financial groups and corporate investment firms. ZVCA’s members collectively have more than US$300 billion of funds under management.
HDFH, Yillion Bank and ZVCA plan to build a groundbreaking global consortium blockchain that includes digital banks and proven fintech firms to achieve what they are referring to as delivering value through the establishment of a digital connection. The Global Digital Bank Consortium Blockchain Investment Fund now plans to invest in digital banks in mainland China,Singapore and Australia, among other countries and regions.
SOURCE HDFH
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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