Deepcoin Labs, a Singapore-based venture capital firm specializing in blockchain, digital assets, and cryptocurrencies, has launched a $10m fund.
The new vehicle will be dedicated to advancing early-stage Web3 innovation projects on a global scale. Funding allocations will be determined based on the quality and impact of each project, with direct contributions made to eligible project teams. Their mission is to empower Web3 startups by bridging the gap between mentorship and funding through the incubation programs and leveraging the technical expertise within the Deepcoin Labs ecosystem. This also supports web3 startup projects in growing both in Asian and overseas markets. By working closely with the management teams of portfolio companies, Deepcoin Labs aims to build exceptional value within the blockchain and cryptocurrency space, fostering long-term sustainable growth. Projects interested should contact Deepcoin Labs via email for inquiries.
Deepcoin Labs also has been granted the “Proprietary Trading in Crypto-commodities” registration by the Dubai Multi Commodities Center (DMCC). The “Proprietary Trading in Crypto-commodities” registration is effective from September 6, 2023, until September 10, 2024, and grants Deepcoin Labs the ability to engage in trading activities within the crypto-commodities sector while adhering to DMCC’s regulatory framework.
Ego Huang, Founder & CEO of Deepcoin, said: “We are thrilled to have received this registration from DMCC for Deepcoin Labs, which underscores our commitment to responsible and regulated operations in the crypto-commodities sector. This recognition is a testament to our dedication to promoting education, research, and responsible investment in blockchain and digital assets. The launch of Deepcoin Lab’s $10 million fund also signifies our dedication to catalyzing Web3 innovation on a global scale, bringing renewed energy and opportunities to the industry’s development.“
Deepcoin Labs, a branch of Deepcoin, is a venture capital firm specializing in blockchain, digital assets, and cryptocurrencies. The company is dedicated to fostering long-term sustainable growth within the industry by providing resources, trust, and support to startup projects in both Asian and overseas markets.
Founded in 2018, Deepcoin is a derivatives exchange which enables direct purchases of major cryptocurrencies and offers a range of trading options for over 100 cryptocurrencies. Its platform includes spot trading, perpetual contracts and inverse perpetual contracts, backed by 24/7 multilingual customer support, It has amassed over 3 million registered users across 30 countries, facilitating a cumulative trading volume exceeding US $1 trillion.