Bitcoin Newsroom Articles
Bitcoin startups are due to see a windfall in investment after multibillion-
As stated on its website, the new subsidiary fund will partner “with innovative start-
The fund will look toward investing $20 million in bitcoin and blockchain companies over the course of 2016. HBV will be managed by James Wo, who is the son of the founder of the Huiyin Group.
Notable investments have already been made through the fund. Leading Indian bitcoin
exchange Unocoin is an example, as is bitcoin-
In statements, Wo addressed lucrative possibilities due to growing appetite for bitcoin in China while adding that the fund will look to invest in startups around the world.
“We are seeking to invest into bitcoin-
The foray into the bitcoin industry for the Huiyin Group comes at a time when China
accounts for a significant majority of the world’s bitcoin trading. Established in
2001, the family-
Interest in bitcoin companies from Asian investors has been on the rise in recent
times. Prominent industry startup Circle, one of the best-
As big bitcoin companies continue to court investment opportunities, the Huiyin Group’s foray into the sector is certain to benefit smaller promising bitcoin startups.