The fund will invest in companies developing products and services within the cryptocurrency exchange’s ecosystem.
China-based cryptocurrency exchange operator CoinEx yesterday launched a $50m Ecosystem Development Fund to invest in companies developing products and services relevant to its business.
Portfolio companies will also receive advice on product design, technology development, branding and marketing.
CoinEx hopes the fund will allow it to drive innovation within the blockchain industry. It has already made its first investment in OneSwap, a China-based decentralised exchange protocol developer, though details were not disclosed.
Founded in 2017, CoinEx operates a cryptocurrency exchange…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
