Blockchain

X Financial Announces its Investment in a VC Fund Managed by Dragonfly Ventures II, L.P.

Published

4 years ago

March 2, 2021

X Financial (NYSE: XYF) (the “Company” or “we”), a leading technology-driven personal finance company in China, today announced commitment to invest in an aggregate amount of US$10 million in a VC fund managed by Dragonfly Ventures II, L.P. (“Dragonfly”) for blockchain industry investment opportunities. Dragonfly is a venture capital fund focusing on the blockchain industry with its long-term value investment strategy and research-driven process. Dragonfly has made investments in some of the leading blockchain platforms including Maker, Compound, Celo, UMA, etc.

The Company believes that this investment can bring an opportunity of exploring innovative technologies and the potential for improved profitability in long term, which is in line with the Company’s business strategies.

Related Topics:Dragonfly latest-news X Financial

Up Next

Endera launches nation’s first Trust Exchange Network – a game-changer in the digital and gig economies

Don't Miss

NetCents Technology and Vesto LLC Announce Strategic Joint Venture

Wladimir P.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Mainframe Market Valuation is Skyrocketing to Reach US$ 7,241.13 Million by 2033 | Astute Analytica

Published

2 hours ago

December 23, 2024

GlobeNewswire

mainframe-market-valuation-is-skyrocketing-to-reach-us$-7,241.13-million-by-2033-|-astute-analytica

Blockchain

Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

Published

8 hours ago

December 23, 2024

GlobeNewswire

Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

Published

3 days ago

December 20, 2024

GlobeNewswire

lct-secures-vara-in-principle-approval,-defining-its-role-in-dubai’s-crypto-landscape

Global Payout, Inc.
Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...
MTrac Tech Corp.
MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...
Net1
Net1 is a leading provider of transaction processing services, financial inclusion products ...
uBUCK Technologies SEZC
Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...
LiteLink Technologies Inc.
LiteLink is a major player in developing world-class enterprise platforms that utilize ar...
Good Gamer Corp.
Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....
BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...
About Net1
Net1 is a leading provider of transaction processing services, financial inclusion produc...
Blockchain Foundry Inc.
Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...
Sixgill
Sixgill provides a full suite of universal data automation and authenticity products and services...