A warren of tunnels beneath central London, once used by the spies who inspired the creation of James Bond, has been bought by a fund manager with a £220 million ($269 million) plan to turn them into a tourist attraction “as iconic as the London Eye.”
CMCC Global building “the BlackRock of crypto”
CMCC Global, a $500 million Hong Kong-based crypto investment business, is diversifying its funds portfolio to reach all corners of blockchain-based finance. The team began fundraising for the fourth iteration of its Alpha series of pure token-based investment vehicles in April this year. It’s now preparing its first equity VC fund, with a market-neutral crypto…
CMCC Global’s Latest Fund Attracts Li’s Investment Group
Martin Baumann and Charlie Morris, managing partners and co-founders at CMCC Global, one of the biggest VC Firms that target the crypto space, discuss the target of $300 million for their fourth fund, the types of investors they are talking to and why investors would benefit from their fund. They speak on “Bloomberg Markets: China…
Richard Li, Winklevoss-Backed Crypto Fund Seeks $300 Million
CMCC Global, a Hong Kong-based venture capital firm, is targeting $300 million of assets in its latest crypto fund — and attracting traditional investors like billionaire Richard Li to bet on blockchain technology and its applications. Launched in April, its fourth crypto token fund now has assets under management of close to $90 million, with…
Renegade Crypto Exchange Enlists Mainstream CEO for Makeover
Alexander Höptner, chief executive officer of 100x Group, the holding group behind cryptocurrency exchange BitMEX, discusses the prospects for the market and his company. (Source: Bloomberg)
Crypto Markets Getting ‘Big Push,’ 100x Group CEO Says
Alexander Höptner, chief executive officer of 100x Group, the holding group behind cryptocurrency exchange BitMEX, discusses the prospects for the market and his company. Höptner’s appointment in December came two months after the founders of the exchange were charged with skirting U.S. laws that prevent money laundering. He speaks with David Ingles on “Bloomberg Daybreak:…
Inside H.K.’s first regulated crypto fund
This week has started with a groundbreaking fund launch, the first SFC-regulated crypto fund in Hong Kong for professional investors. This now gives financial institutions a clear vehicle to get simple exposure to Bitcoin. But the achievement took two years of volatile fortunes – in the markets, in negotiations, and in the management team. On…