ChainCatcher news, according to official sources, YuanCoin Technology announced the completion of a $7.8 million A1 round of financing. In this round of financing, YuanCoin Technology received strategic investments from well-known industry players such as Sequoia China, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital. YuanCoin Technology stated that this round of financing will connect the company to the Web 2 and Web3 worlds and continue to contribute to the construction of the Hong Kong Web3 ecosystem.It was introduced that on July 18, 2024, YuanCoin Technology announced that its subsidiary YuanCoin Innovation Technology Limited has been included in the Hong Kong Monetary Authority's (HKMA) stablecoin issuer sandbox program. At the same time, another subsidiary of YuanCoin Technology, YuanCoin Wallet Technology Limited, has obtained a Stored Value Facility (SVF) license issued by the HKMA and will officially operate by the end of 2023. This A1 round of financing marks another important progress for YuanCoin Technology following its seed round financing in 2020. YuanCoin Technology has consistently received support from original shareholders such as ZhongAn Digital Asset Group Limited, HashKey Group, Dragonfly, Bright Venture, and Eminent Vision.

ChainCatcher news, according to Bloomberg, New York-based digital asset investment firm Hivemind Capital Partners has launched a fund dedicated to the intersection of digital art and blockchain, named the Hivemind Digital Culture Fund, and plans to raise at least $50 million for this fund.Hivemind Capital founder and managing partner Matt Zhang stated that the fund has currently completed about half of its fundraising target and plans to continue fundraising throughout the remainder of 2024, before deploying the funds over the next three years.Previously, Hivemind launched a $1.5 billion crypto fund in early 2022, of which half of the funds have already been deployed. The company also launched a $300 million crypto trading fund last April.

According to ChainCatcher news, the NFT art platform TRLab has announced the completion of a $5 million seed round financing, led by OKX Ventures and Hivemind Capital Partners, with participation from HashKey Group's investment branch HashKey Capital. Hivemind and OKX Ventures will provide strategic support for TRLab in the U.S. and Asian markets, respectively. The funds will be used to bring in more artists, foundations, and cultural institutions to collaborate with TRLab, expand the company's market share internationally, and integrate new technologies to enhance the digital art collection experience. In the next six months, TRLab will launch several digital art experiences in collaboration with renowned artists and foundation institutions, and will hold TRLab's first offline art exhibition this November.It is reported that TRLab is an innovative company that integrates art and technology, co-founded and led in 2021 by Li Xin, the non-executive vice chairman of Christie’s auction house, and Ou Jinqiao, the CEO of TRLab. It was incubated by Dragonfly Capital. Since its establishment in New York and Hong Kong, TRLab has been dedicated to collaborating with artists, foundations, and art institutions to incubate and produce, while providing collectors with high-quality digital art interactive experiences. TRLab's platform has collaborated with mainstream fashion magazine Vogue, the Calder Foundation, founded by sculptor Alexander Calder, contemporary artist Cai Guo-Qiang, and the digital art institution Rhizome affiliated with the New Museum in New York to release multiple projects.

ChainCatcher news, Hivemind Capital Partners, a digital asset investment management company founded by former Citigroup senior trading executive Matt Zhang, announced the launch of a new fund called "Liquid Opportunity Fund," aiming to raise $300 million. The fund will employ a multi-strategy approach to provide institutional investors and qualified high-net-worth individuals with opportunities to access the digital asset market through staking, yield farming, token investments, and other methods, as well as trading cryptocurrencies in the secondary market. As of now, the "Liquid Opportunity Fund" has raised approximately $60 million in funding. (Source link)