Syz Group will collaborate with CMCC Global to launch a cryptocurrency fund with a minimum scale of 50 million US dollars.

BlockBeats reported on April 22 that Swiss Syz Group will collaborate with Hong Kong venture capital firm CMCC Global to launch a fund of at least $50 million, which will invest in cryptocurrency-focused hedge funds. Syz Capital Managing Partner Richard Byworth stated that SyzCrest Digital will begin operations on July 1 with the ultimate goal of raising up to $300 million. Willy Woo, who manages CMCC's quantitative research-driven fund, will join the newly registered company in the Cayman Islands as a member of the investment committee.