Jsquare in the United States announced the launch of its first LP fund, Pioneer Fund - first closing, with a size of $50 million.

BlockBeats News, March 12th, during ETH Denver in the U.S., at the peripheral event hosted by Jsquare called Proof of Brew: Tasting the Crypto, James Wo, Co-Founder of Jsquare and Venture Partner at Pioneer Fund, representing Jsquare, announced the official launch of its first LP fund, Pioneer Fund - Fund I. The initial fund size is $50 million, with a focus on investing in Web3 areas such as AI, consumer applications, RWA, DeFi, PayFi, and more.

According to Joanna, Founding Partner of Jsquare: "The launch of Jsquare Pioneer Fund is a milestone for Jsquare in driving the growth of the entire blockchain ecosystem, marking the fund's open and compliant operation, fully catering to the market's expansion trend. We are pleased to collaborate with projects in high-potential areas such as RWAs and consumer applications, which are significant growth opportunities. We are committed to not only providing funding for these projects but also dedicated to providing guidance, leveraging Jsquare's global network and resources to help projects become industry leaders."