HomeChinaGBA Capital Announces $10 Billion Web3 Fund

GBA Capital Announces $10 Billion Web3 Fund

GBA Capital, a Chinese venture capital firm, announced a $10 billion commitment to launch a Web3 fund.

The fund pf the focus will reportedly be on supporting startups in virtual reality, the metaverse, and non-fungible tokens (NFTs), as well as real-world assets (RWA) sectors.

Led by Haolong Li, founding partner and Chairman, GBA Capital Greater Bay Area Capital Group Co., Ltd. is an industry incubation and capital platform that leverages industrial resources and capital resources of the Guangdong-Hong Kong-Macao Greater Bay Area to provide services for the digital economy, digital assets, Web3, AI, etc.

Established by China Europe International Financial Group in Hong Kong, GBA Capital partners with national and international institutions Nanyue, Guangdong Financial Development Research Association, National Engineering Laboratory Financial Big Data Research Center, Guangdong Province Cultural Exchange Center, Guangdong Nanyue Charity Foundation, Guangdong Ye Jianying Research Association, Asia Pacific Investment Bank, Asia Digital Bank, and Zhongrong Global Holding Co., Ltd. as well as other international financial institutions, state-owned enterprises, public funds and industry associations.

VCWire

03/01/2024