Hashid, one of South Korea's largest digital asset fund managers, has raised 120 billion won ($ 110 million) to fund new blockchain projects in the so-called economy. Protocol.
According to the Coin Telegraph, the funds were raised through Hushed Ventures Inc., a new entity that will oversee the publication of the 9-digit investment.
The company has not yet revealed its supporters, although a spokesperson indicated that some of the largest IT companies in South Korea are participating.
The company said in the advertisement: Hashid plans to invest heavily in local and foreign startups that want to achieve (the protocol economy), which has recently emerged as a hot topic, in addition to companies Technology in the blockchain domain by forming this first fund.
The fund will invest in local and global startups that use Blockchain technology to disrupt the protocol economy, an umbrella term describing emerging platforms and applications.
Hashid is marketing itself as a team of blockchain experts pushing towards decentralization. The company's investment portfolio includes dozens of cryptocurrency companies, including notable blockchain ventures such as Ethereum, EOS, OnTology, Icon, and Cape Network.
The company's investments are currently spread across blockchain platforms, financial infrastructure, apps and publishing houses.
South Korea has emerged as a hub for blockchain development and cryptocurrency markets despite government stringent measures on ICOs and local exchanges.
More recently, the country's influential cryptocurrency lobbying group has delayed a new tax regime on digital assets until 2022, giving local companies more time to adapt With the rules.
