ChainCatcher news, Sino Global Capital announced its rebranding to Ryze Labs, marking the company's entry into a new phase in the global Web3 investment space. Ryze Labs will continue to support projects that are building the next generation of the internet, no longer focusing on specific regions. Ryze Labs aims to help founders achieve growth and expansion by entering emerging markets.It is reported that Ryze Labs was founded in 2015, with a portfolio that includes many well-known Web3 projects and institutions such as Solana, LayerZero, Polygon, and Wintermute.

ChainCatcher news, according to CoinDesk, the Liquid Value fund represented by Sino Global Capital has filed a claim of $67.3 million against FTX Trading Ltd. This fund was launched in 2021 in conjunction with SBF, aiming to raise $200 million, primarily targeting high-net-worth individuals. As of January 2022, the fund had raised $90 million, with FTX being the main investor.Initially, Sino Global stated that its "direct exposure on the FTX exchange is limited to a seven-figure amount in custody."

ChainCatcher news, according to Bloomberg citing informed sources, former FTX Chief Operating Officer Constance Wang has joined the crypto venture capital firm Sino Global Capital. Wang previously served as the Chief Operating Officer of FTX and Co-CEO of FTX Digital Markets, with responsibilities including leading the exchange's global business expansion, overseeing token listings, and managing public relations and marketing. Sino Global disclosed that it was an early investor in FTX after the exchange's collapse.According to LinkedIn, Constance Wang briefly worked as a Business Development Manager at Huobi Global before joining FTX, and she had also worked as an analyst at Credit Suisse for two years.

ChainCatcher news, the encrypted structured financial product OpenTrade has announced the completion of a $1.5 million funding round, led by Sino Global Capital, with participation from Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier Ventures. This funding will help OpenTrade expand its business ahead of launching its initial products in the second half of this year, which will include a liquidity pool for U.S. Treasury bills, investment-grade commercial paper, and investment-grade supply chain financing. (source link)

ChainCatcher news, according to Blockworks, Web3 payroll and compliance solution Rise Works has completed a seed round of financing, the amount of which has not been disclosed. Sino Global Capital and Polymorphic Capital co-led the round, with other participating investors including Draper Associates, Hashkey Capital, Paradigm Shift Capital, WW Ventures, P2P, and Cosmo Capital.Rise Works CEO Hugo Finkelstein stated that Rise Works is a cryptocurrency-native payment processor that aims to profit from the gaps left by the bankruptcy of TradFi banking. The company aims to bridge "Web 2.5" in a way that attracts both crypto-native companies and traditional firms. The startup's payroll solution is applicable to both fiat and cryptocurrency-based treasuries and their corresponding internal accounting systems. (Source link)

ChainCatcher news, cryptocurrency venture capital firm Sino Global Capital stated, "Its direct exposure to FTX is limited to mid-seven figures held in custody, our investment in FTX equity was made prior to the fund's launch, and we have not invested any LP capital into FTX. Additionally, Sino Global Capital is currently operating normally and will continue to invest as a fund." (source link)

Chain Catcher News, September 14, NFT game company BRAVO READY announced the completion of a $3.5 million seed round financing, with participation from Sino Global Capital. Other specific financing details have not been disclosed. The funds from this round will be used to continue building its "win-to-earn" battle royale game "BR1: Infinite Royale," while also doubling the size of the team.Previously reported, Bravo Ready announced the completion of a $3 million financing round in July this year, which was participated in by Solana Ventures, 6th Man Ventures, Shima Capital, and Fractal CEO Justin Kan. (Source link)