HashKey Capital

Digital asset solution Mento Labs completes $10 million financing, with participation from HashKey Capital and others

ChainCatcher news, according to CoinDesk, the development team of the decentralized EVM platform Mento on the Celo network, Mento Labs, announced the completion of a $10 million funding round. This round of financing was supported by T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures, and w3.fund.Mento Labs also announced a stablecoin roadmap, planning to add three local digital currencies to its expanding decentralized stablecoin lineup: Philippine Peso (PUSO), Colombian Peso (cCOP), and Ghanaian Cedi (cGHS).According to project documentation, the Mento stability protocol can be seen as an over-collateralized, decentralized, and transparent stable asset mechanism. The protocol utilizes crypto reserves, allowing users to adjust the supply of Mento stable assets based on changing demand. Users can exchange between Mento stable assets and reserve collateral assets through the protocol.Additionally, the Web3 asset data platform RootData shows that Mento Labs is an innovation lab for stablecoins and digital assets, derived from cLabs (Celo). The lab provides a basket of cryptocurrency asset platforms for Mento, with all Mento stablecoins (cEUR, cREAL, cUSD) fully backed by USDC and DAI. Furthermore, Mento also has support for loyalty and engagement, regenerative finance, as well as risk management, monitoring, and maintenance.

UXLINK has secured a new round of financing led by SevenX Ventures, INCE Capital, and HashKey Capital

ChainCatcher news, the social infrastructure project UXLINK announced that it has secured a new round of financing led by SevenX Ventures, INCE Capital, and HashKey Capital, along with several other investors. This round raised over $5 million, less than three months after the previous round. UXLINK has raised a total of over $15 million to date, covering several top-tier institutions and well-known individuals from Europe, America, Asia, and the Middle East.According to the Web3 asset data platform RootData, UXLINK is a social platform and infrastructure based on "acquaintance social relationships" and groups, with over 5.5 million registered users, more than 1 million daily active users, and over 100,000 groups. According to the UXLINK community leader, the newly raised funds will mainly be used for ecological and post-TGE product development, better supporting the issuance, distribution, and trading of socialized assets. Currently, UXLINK's DAPP and protocol revenue are steadily increasing, with good cash flow.Jon, founding partner of SevenX Ventures, stated, "We are optimistic about UXLINK's ability to nurture asset issuance and trading capabilities through socialization, becoming a key hub linking Web3 infrastructure and application scenarios."Rui, the project investment leader at HashKey Capital, said, "Through private social networks, acquaintance-driven user acquisition, and Telegram group chat dissemination models, UXLINK has quickly become one of the most active blockchain social platforms at this stage. The team looks forward to providing more Web3 native assets and on-chain products to this group of users, driving the mass adoption of Web3 applications."Alex Yan, executive director of INCE Capital, stated, "Social interaction is a basic need for everyone and is also an essential path for Web3 to achieve large-scale applications. UXLINK has built a brand new Social Infrastructure leveraging acquaintance relationship chains and social dissemination mechanisms, making it possible to create a new generation of Web3 social products with a large user base, high-density connections, and diverse interactions."

Hong Kong's largest licensed exchange HashKey Exchange assists Bosera International and HashKey Capital in completing the first physical subscription for a spot ETF

ChainCatcher news, Hong Kong's largest licensed virtual asset exchange HashKey Exchange is pleased to announce that it has successfully assisted Bosera International and HashKey Capital in completing the first physical subscription for the Bosera HashKey Bitcoin Spot ETF and the Bosera HashKey Ethereum Spot ETF, respectively. This success not only means more options for cryptocurrency investors but also heralds a new chapter in the development of Hong Kong's digital currency market.In this collaboration, HashKey Exchange provided underlying infrastructure support for Bosera International and HashKey Capital, covering aspects such as trading and custody. Physical redemption means that the underlying assets do not have to be sold immediately, bringing advantages in terms of cost and liquidity. In the future, once the physical subscription and redemption processes are completed, investors will be able to directly obtain assets such as Bitcoin and Ethereum corresponding to the spot ETF funds, providing cryptocurrency investors with more diversified investment options.It is reported that on April 24, the two virtual asset spot ETFs jointly applied for by Bosera International and HashKey Capital have been officially approved by the Hong Kong Securities and Futures Commission (SFC) and will start fundraising today, with trading set to commence on the Hong Kong Stock Exchange on April 30. This historic approval marks a solid step forward for Hong Kong in establishing an international virtual asset financial center.
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