Hong Kong–Based Blockchain Fund Makes Its Case for Yen‐Backed Stablecoin

Оригинал: https://bitcoinmagazine.com/articles/hong-kongbased-blockchain-fund-makes-its-case-yen-backed-stablecoin/

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). Grandshores Technology plans to use the funding to launch a yen‐backed stablecoin.

Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores Fund, which is backed by the local government of the city of Hangzhou and Chinese crypto billionaire Xiaolai Li.

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