DWF Labs' $20 Million Fund Targets Greater China Tech, Crypto Projects
CryptoNewsTerminal Staff03 Jul, 2024
DWF Labs' $20 Million Fund Targets Greater China Tech, Crypto Projects
DWF Labs, a leading cryptocurrency market maker, has launched a $20 million venture capital fund dedicated to investing in startup companies and projects based in Greater China. The fund, named "Cloudbreak," will focus on early-stage investments in blockchain technology, artificial intelligence, and fintech. Cloudbreak will be managed by DWF Labs' venture capital arm, DWF Labs X, which was established in 2021. The fund has already made several investments, including in the Chinese blockchain startup Conflux Network and the Hong Kong-based crypto exchange Tokenlon. DWF Labs is optimistic about the potential for innovation in the Greater China region and believes that the fund will help to foster the growth of the blockchain and crypto ecosystems in the region.
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