Huaxing Capital announces $100 million entry into Web3.0 and cryptocurrency fields

According to an announcement from the Hong Kong Stock Exchange, the board of directors of Huaxing Capital Holdings has decided to enter the Web3.0 and cryptocurrency asset fields, and has approved a budget of $100 million for the group's development of Web3.0 business and investment in cryptocurrency assets over the next two years. The announcement states that the group will increase its investment in stablecoins, RWAs (Real World Assets), and the cryptocurrency ecosystem, and actively promote the application and upgrading of related business licenses, based on successful investments in Circle Internet Group and multiple cryptocurrency IPOs and rounds of financing.