PRoC Government Supports Largest Blockchain Fund
April 10, 2018
One of the world’s largest blockchain funds with $1.6 bln capital has been presented in Hangzhou, China.
The fund was established by the Tunlan Invest venture organization board. 25% of total funds was provided by the city authorities with the view to further investing into promising blockchain projects.
Xu Xiaoping, founder of the venture organization Zhenfund, is to become the project’s councilor while Li Xiaolai, prominent Bitcoin investor, being its manager.
Note that the fund is not the first initiative the country’s authorities get interested in. Late March one of the PRoC’s institutions declared launching blockchain project aimed at authentication and tracking changes in supply chain.