Singapore's Whampoa Group plans to launch a US$100 million venture capital fund before the end of the year to invest in Web3 and digital assets.

Odaily Planet Daily According to Nikkei Asia, citing people familiar with the matter, Singapore-based investment institution Whampoa Group plans to launch a US$100 million venture capital fund before the end of this year. The fund is expected to invest in Web3 and digital asset fields and will focus on financing transactions in the Series A stage. Previous reports stated that the fund will be launched in the fourth quarter of 2022. As of now, Whampoa Digital, the digital asset investment arm of Whampoa Group, has not responded to this matter.