C1 Fund, focusing on Web3, is listed on the US stock market, with Huaxing Capital serving as the sole underwriter in Asia

According to official sources, Huaxing Capital, as the only underwriter in Asia, recently assisted the Web3 industry's first closed-end fund C1 Fund (CFND), which focuses on primary market investment within the industry, to successfully complete its listing on the New York Stock Exchange. C1 Fund is a private equity firm focused on Web3 and digital asset services, headquartered in Palo Alto, California. In this initial public offering (IPO), C1 Fund will issue 6000000 shares globally at a price of $10 per share, with a total fundraising amount of approximately $60 million; The fund plans to invest at least 80% of its total assets in equity and equity linked securities of companies primarily engaged in Web3 and digital asset services and technology, and intends to achieve its investment goals by investing in a portfolio of 30 digital asset services and technology companies identified by the fund.