Cryptocurrency exchange Huobi, Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd. have jointly launched a China-South Korea investment fund to invest in blockchain companies in the two countries. South Korean banks including Korea Development Bank and Industrial Bank Of Korea will be investing in the fund as limited partners. The fund is targeting 100 billion Korean won (US$93 million), according to an announcement. Mirae Asset Financial Group, an independent financial services group headquartered in …
Huobi, NewMargin Capital, Kiwoom Targets $93M China-South Korea Fund To Invest In Blockchain appeared first on China Money Network.