According to ChainCatcher news, HashKey Chain announced that the total amount of on-chain MMF (Money Market Fund) assets has surpassed 10 million USD, with two overseas funds successfully deployed.HashKey Chain will provide substantial subsidies for the corresponding TVL of the on-chain MMF, incentivizing more traditional financial assets such as money market funds, index ETFs, gold ETFs, stock funds, hedge funds, and bonds to achieve digital management through blockchain technology. It is expected that over 10 funds and bond products will go on-chain within a year, with a minimum redemption amount of 100,000 USD. These funds can achieve efficient asset management through on-chain technology, providing institutional investors with a variety of on-chain asset options while also offering ordinary users the opportunity to participate in asset management.The redemption and trading of on-chain MMF will use HSK as gas fees, and the on-chain interactive fund products will support HSK trading pairs, enhancing the application value of HSK within the ecosystem.

ChainCatcher news, according to The Block, Santiago Roel Santos, who previously served as a partner at the blockchain venture capital firm ParaFi Capital, announced the launch of a private equity fund, Inversion Capital, aimed at acquiring traditional businesses and transforming their operations through the adoption of cryptocurrency technology.Santos believes that some businesses can address coordination issues by adopting crypto tools, which "manifest as higher operating costs, capital expenditures, or declining unit economics." It does not matter whether business owners are reluctant to accept cryptocurrency, as Inversion Capital will not become an investment partner—it will directly acquire these businesses.

ChainCatcher news, Orlando Bravo, the head of private equity firm Thoma Bravo managing approximately $160 billion in assets, stated in an interview with CNBC that the company will permanently exit the cryptocurrency market. This decision stems from its failed investment in FTX, where Thoma Bravo participated in a $900 million investment in 2021. After the collapse of FTX, investors like Thoma Bravo faced significant losses and became embroiled in a lawsuit accusing them of making misleading statements while promoting FTX.

ChainCatcher news, according to CoinDesk, Citibank has partnered with traditional financial giants WisdomTree and Wellington Management to conduct a proof of concept for the tokenization of private equity funds on the Avalanche subnet Spruce, testing various use cases including end-to-end token transfers, secondary transfers for trading, and validating new features through collateralized loans.It is reported that the Spruce subnet is specifically designed for large financial institutions looking to utilize public blockchain infrastructure.

ChainCatcher news, according to relevant pages, digital asset management company Grayscale Investments is recruiting an ETF Product Specialist to support the distribution of Grayscale products, with a particular focus on ETFs and private placement products. In addition, Grayscale is also hiring a Compliance Analyst to support the company's registered investment advisors and broker-dealers.

ChainCatcher news, Japan's telecommunications giant Line's NFT subsidiary Line Next announced that it has raised $140 million (approximately 180 billion Korean won) in investment from a consortium led by private equity fund management company Crescendo Equity Partners (Crescendo). Line Next will use this investment to expand its global platform business and develop new services, aiming to popularize Web3.Line Next will officially launch its NFT platform City (DOSI) in January next year, which is currently in the testing phase. LINE Next will also provide new solutions for Web2 services and brands, enabling them to directly own and trade existing digital goods, making it easier for them to adopt Web3. There are also plans to launch a social application that uses artificial intelligence (AI) technology to communicate based on the characters created, as well as a web3 game featuring Brown & Friends characters.

ChainCatcher news, the cryptocurrency venture capital firm C1, led by former Coinbase executives, is in talks with multiple cryptocurrency groups and Australian venture capital firms, planning to use its $500 million (approximately A$760 million) fund to acquire private equity stakes from these investors at a discount rate of 50% to 80%. Currently, C1 has reached out to venture capital firm Animoca Brands, which focuses on gaming and the metaverse, as well as blockchain analytics firm Chainalysis.It is reported that C1 seeks to invest in "entities with a previous funding round valuation of at least $300 million, preferably in Series C and later stages," with the desired investment amount ranging from $20 million to $50 million.

ChainCatcher news, blockchain data sharing platform Smarter Contracts has completed a £2.65 million (approximately $3.32 million) private equity financing, with an undisclosed private investor participating. The new funds will be used to enhance development and design capabilities to further expand the business and customer base of its blockchain data sharing user permission management platform "Pulse," while also expanding the smart contract functionalities supporting the Pulse protocol and accelerating the integration of the protocol with artificial intelligence technology.Previously reported in June, according to City A.M., Smarter Contracts announced the completion of a $1.095 million financing, with part of the funds coming from two private investors and another part from the prize support of the Amazon AWS FinTech Accelerator. Smarter Contracts' blockchain-based data sharing user permission management platform "Pulse" aims to promote more honest and open data sharing among enterprises, while also encouraging customers to be more willing to share information for corporate use.

ChainCatcher news, according to The Wall Street Journal, Haun Ventures, founded by former a16z partner Katie Haun, has hired private equity (PE) industry veteran Suzanne Kim as a partner. It is reported that Kim has worked in the relevant industry for 15 years, with her most recent position being Managing Director at Hellman & Friedman. Prior to that, she also served as Vice President at TPG Capital.

ChainCatcher news indicates that, according to documents submitted to the SEC in early August, the private equity investment management firm CF Private Equity is preparing to launch its first blockchain-specific fund, named CF Blockchain Ventures LP, which is a private equity fund. The fund is expected to raise $100 million, but the disclosed figure may only relate to the fund's initial closing, and the company's spokesperson declined to comment.It is reported that CF Blockchain Ventures LP, in seeking financing, has selected Commonfund Securities (a brokerage firm also supported by its parent company) and two banks located in Japan and Chile, respectively. Since 2018, CF Private Equity has completed more than 10 blockchain investments.

ChainCatcher news, Bitdeer is selling an environmentally friendly Bitcoin mining private equity fund BGB (Bitdeer Green Bitcoin Fund). The fund's investment goal is to achieve returns by owning and operating the Bitcoin mining industry in Bhutan, with a construction target of 600 MWs and an estimated total hash rate close to 20EH/s.The BGB fund operates as a closed-end fund with a duration of 6 years (unless extended according to the fund documents), with a minimum investment amount of 5 million USD. The first phase of the project is expected to raise 80 million USD. Earlier, Bitdeer was collaborating with the investment department of the Bhutanese government on the construction of Bitcoin mining sites.

ChainCatcher news, Bitcoin mining company Marathon Digital has reached a stock purchase agreement with investors to privately sell 15,000 shares of Series A redeemable convertible preferred stock at a purchase price of $952.38 per share, equivalent to approximately a 5% original issue discount on the $1,000 par value per share. At any time after the company receives shareholder approval to increase its authorized shares, holders can choose to convert the Series A preferred stock into the company's common stock at an initial conversion price of $14.52 per share. H.C. Wainwright & Co. will act as the exclusive placement agent, and the total net proceeds from this offering are expected to be approximately $14.25 million. This offering is expected to be completed around June 8, subject to customary closing conditions. (source link)

According to ChainiCatcher news reported by CoinDesk, the venture capital arm of global private equity firm StepStone Group (STEP), which manages $138 billion in assets, has raised $96.54 million for two blockchain private equity funds, as per documents submitted to the U.S. Securities and Exchange Commission (SEC).Since its launch on June 7, 2022, the U.S.-based StepStone VC Blockchain L.P has raised $71.225 million from 100 investors, while another fund based in the Cayman Islands has raised $25.315 million from 41 investors. (Source link)

ChainCatcher news, according to a report by CoinDesk citing sources, Apollo Global Management, a traditional financial distressed asset investment firm with over $500 billion in assets under management, is participating in the acquisition of the bankrupt crypto lending platform Celsius. Previously, Celsius announced three bidders for the auction, and sources say that Apollo is one of the investors in the acquisition offer submitted by NovaWulf, one of the bidders. Currently, the Celsius auction has been paused, and the deadline for submitting disclosure statements has been extended to May 11, 2023. (source link)

ChainCatcher news, Bitcoin mining company Stronghold Digital Mining announced that it has signed a securities purchase agreement with institutional investors and company Chairman and CEO Greg Beard to sell 9 million shares of Class A common stock and stock equivalents to institutional investors, as well as to grant Beard 1 million shares of Class A common stock, at a price of $1 per share in each case. The company will also issue warrants to purchase a total of 10 million shares of Class A common stock to the purchasers, with an initial exercise price of $1.10 per share (subject to adjustment), and such warrants may not be exercised for six months following the issuance. Before deducting issuance costs, the total proceeds from the private placement are expected to be $10 million, which is anticipated to be used to acquire more Bitcoin mining machines. The private placement is expected to close on April 21, 2023. (source link)