BoxBet, a blockchain-based iGaming platform, has successfully completed a funding round led by CMCC Global, a venture capital firm with a $500 million fund. CMCC Global is supported by notable investors such as the Winklevoss twins and Richard Li’s Pacific Century Group, known for investing in significant blockchain projects like Solana. BoxBet plans to utilize the newly acquired funds to enhance its presence in regulated markets by securing licenses and expanding its operations.

PANews reported on November 23 that the blockchain-based iGaming platform BoxBet completed financing led by CMCC Global, a $500 million venture capital firm backed by the Winklevoss twins and Richard Li’s Pacific Century Group, which has previously funded key blockchain projects including Solana. BoxBet intends to use the new funds to expand its influence in regulated markets by obtaining licenses and expanding operations.

BoxBet Secures Funding from CMCC Global to Expand in Regulated Markets