Richard Li, Winklevoss-Backed CMCC International Targets $300M for Newest Crypto Fund

Enterprise capital agency CMCC International is concentrating on $300 million value of investments for its newest crypto fund with the backing of buyers, equivalent to billionaire Richard Li and Gemini co-founders, the Winklevoss twins.

  • Richard Li, who backed CMCC’s earlier crypto token fund, will roll over to the most recent fund together with different present buyers, Bloomberg reported on Friday.
  • Gemini co-founders Cameron and Tyler Winklevoss are stated to be buyers within the new fund.
  • CMCC International, which was based in 2016, was an early investor within the Solana blockchain having invested $1 million in a personal token sale in 2018. The VC has additionally backed different blockchain initiatives like Cosmos and Terra.
  • CMCC co-founder Charlie Morris stated that the agency plans to assign a part of its newest fund to areas, equivalent to decentralized finance (DeFi) and non-fungible tokens (NFTs).

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