China Renaissance Capital Announces $100 million Investment in Web3.0 and Cryptocurrency Space

According to the Hong Kong Stock Exchange announcement, the board of directors of China Renaissance Holdings has resolved to enter the Web3.0 and cryptocurrency asset fields, and has approved a total budget of $100 million, which is planned to be used for the group's development of Web3.0 business and investment in cryptocurrency assets in the next two years. The announcement pointed out that the group will increase its investment in stablecoins, $RWA (real-world assets), and the cryptocurrency ecosystem on the basis of its successful investment in Circle Internet Group and multiple cryptocurrency company IPOs and multiple rounds of financing, and actively promote the application and upgrading of relevant business licenses. [ChainCatcher]