Hong Kong Launches A New $100M Fund for Web 3.0 Startups | Short News

A group of local investors in Hong Kong have launched ProDigital Future, a $100 million fund aimed at financing early-stage Web3 companies in the regional market. The fund has raised $30 million during its half-year fundraising period and is led by Ben Ng from SAIF Partners and Curt Shi, a tech investor from China. Sunwah Kingsway Capital Holdings and Golin International Group have already invested, while family offices from China, Australia, and Singapore also participated. Despite caution about investing in crypto projects, the fundraising process has been relatively smooth.