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A list of 20 local crypto funds and projects

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At present, there are more than 50 local encryption projects in Hong Kong, nearly half of which are distributed in the fields of CeFi and CEX, followed by the main distribution in the field of games/meta-universe.

Original title: "Hong Kong Concept Coin is popular, a paper on 20 key encryption projects in Hong Kong"

Original article by flowie, ChainCatcher

Net transmission Hong Kong concept coins took off after "it will be completely legal for Hong Kong residents to freely buy and sell cryptocurrencies on June 1."

In terms of the increase in the last 7 days, as of the press, CFX (Conflux) led the increase by over 400%, COCOS (Coscos-BCX) and SelfKey (SelfKey) both increased by over 200%, and ACH (Alchemy Pay) exceeded 140%. FIL (Filecoin) exceeds 70%.

Source: @0xKillTheWolf

Behind the surge is a shift in confidence among crypto investors. While the above mentioned encryption policy rumors in Hong Kong have been proven to be misleading, in fact, on June 1, Hong Kong's encryption policy will be related to the licensing system of virtual asset service providers.

But Hong Kong's continued embrace of Web3 since last year, in contrast to the SEC's crackdown on cryptocurrency trading platform Kraken, BUSD issuer Paxos and Binance, has led crypto investors to bet on crypto-friendly places in the East, such as Hong Kong.

Plus last week. "Conflux Network announces it will pilot blockchain-enabled SIM card in Hong Kong in partnership with China Telecom", Conflux The price of the currency is happy, but also to a large extent contributed to the Hong Kong concept currency, China concept currency has become a big hit in the discussion of encryption KOL.

Today, the Securities and Futures Commission formally launched a public consultation on the proposed rules applicable to operators of virtual asset trading platforms. Licensed platforms will be allowed to offer qualified large virtual assets, including Bitcoin and Ethereum, to retail customers, according to the consultation document. Such a big hot spot, Sun Yuchen naturally can not miss, he said that Huobi Global has applied for a cryptocurrency trading license in Hong Kong, and will be able to expand its services and products to Hong Kong customers, offering a wider range of cryptocurrency trading and investment options. In addition, Huobi will launch a new trading platform in Hong Kong called Huobi Hong Kong.

"Brother Sun entry" has become an important symbol of the white hot Hong Kong section

However, it is worth noting that the concept of Hong Kong is not clear at present, and the logic of multiple so-called Hong Kong concept projects leading the rally is not clear, crypto investors need to be wary of Ponzi schemes.

Before the release of encryption policies in Hong Kong this year, ChainCatcher took stock of important local encryption projects in Hong Kong (core business or team mainly in Hong Kong) through encrypted data platform RootData, covering multiple fields such as CeFi, DeFi, game/meta-universe, infrastructure and tools.

At present, there are more than 50 local encryption projects in Hong Kong, nearly half of which are distributed in the fields of CeFi and CEX, and the second is mainly distributed in the field of game/meta-universe. This paper briefly summarizes some important projects.

CeFi

1.Amber Group

Founded in 2017, Amber Group is a digital asset platform that provides a full range of digital asset services covering investment, financing and trading, serving more than 1,000 institutional clients and individual investors worldwide.

Financing: Four financing times in total, with a total financing amount of $628 million. Major investors include Distributed Capital, Tiger Global, Coinbase Ventures, Pantera Capital, Sequoia China, etc.

2.Babel Finance

Founded in 2018, Babel Finance is a global crypto financial institution dedicated to providing professional crypto financial services to high net worth individuals and institutional clients around the world. Its businesses include cryptocurrency lending, asset management, prime brokerage, private banking, mining services, investment and more.

Financing: Accumulated financing 5 times, the total amount of financing is $120 million, the main investors are Dragonfly, BAI Capital, Sequoia China, Circle Ventures, etc.

3.BitMEX (Token: BMEX)

Founded in 2014, BitMEX is one of the world's largest cryptocurrency derivatives trading platforms, characterized by deep liquidity and a professional trading dashboard. In 2016, BitMEX created and launched perpetual leveraged swaps on bitcoin, allowing traders to trade bitcoin futures at up to 100 times leverage and with no expiration date. The product has helped BitMEX become one of the world's largest bitcoin trading platforms by volume.

Market value: Fully diluted market value: $312,819,736

Financing: Not disclosed

4.Hex Trust

Founded in 2018, Hex Trust is a licensed and insured provider of bank-grade digital asset custody. Through its proprietary Hex Safe platform, Hex Trust provides custody, DeFi, brokerage and financing solutions for financial institutions, digital asset organizations, enterprises and private clients. Hex Trust has offices in Singapore, Hong Kong, Dubai, Italy and Vietnam.

Financing: two times of financing with a total amount of 94 million US dollars. The main investors are Animoca Brands, HashKey Capital, Protocol Labs, Distributed Capital, Wintermute and more.

5.CoinFLEX （ Token ：FLEX）

Founded in 2019, CoinFLEX provides a platform for institutional and retail investors to earn and trade cryptocurrencies. CoinFLEX's innovative solutions, such as flexUSD (an interest-earning stablecoin) and AMM+ (a capital-efficient automated market maker), bring investors and crypto markets together through intuitive income products, Coinflex also operates a SmartBCH side chain using Tendermint as a consensus BCH.

Market value: $111,012,771

Financing: Three times of financing with a total amount of $11.25 million. Major investors include Dragonfly, Distributed Capital, Polychain, NGC Capital, etc.

6.HashKey Group

Founded in 2018, HashKey Group is an end-to-end digital asset financial services group in Asia that provides new investment opportunities and solutions for institutions, family offices, funds and professional investors in the digital asset and blockchain ecosystem. The group offers a complete ecosystem across the entire digital asset spectrum, from venture capital to custody, technology and trading. The group operates in Hong Kong, Singapore and Japan, and has partnerships with fintech and blockchain solution providers, academic institutions and associations.

Its projects include multi-link DID wallet HashKey Me, Web3 identity data aggregator HashKey DID, and HashKey Capital, which focuses on blockchain investments.

Financing: Accumulated financing once, financing amount is not disclosed, investors include SNZ Capital, UVA.

7.New fire technology

Xinhuobi Technology (formerly Huobi Technology) is a Hong Kong-listed company with a stock code of 1611.HK. Du Jun, Huobi's co-founder, is the CEO. Based on compliance and security, New Fire Technology is committed to leading the development of digital assets compliance, using Web 3.0 technology to create inclusive value for society. By building blockchain and virtual asset ecosystem, New Fire Technology is committed to becoming a one-stop virtual asset service platform for compliance and security.

Financing: Listed

8.Skynet Trading

Founded in 2017, Skynet Trading is a trading and investing company in the digital asset market. It has invested in nearly 20 projects such as Secret Network, zkLink and Clearpool.

Financing: Not disclosed

DeFi

9.Linear Finance （ Token ：LINA）

Founded in 2020, Linear Finance is a cross-chain compatible synthetic asset protocol on the BNB Chain that allows users to gain synthetic exposure to a variety of assets, including cryptocurrencies, commodities, and market indexes.

Market value: $39,324,25

Financing: Two times of financing, with a total amount of $1.8 million. Major investors include Huobi Venture Capital, NGC Capital, Hashed, etc.

10.MANTRA （ Token ：OM）

MANTRA (formerly MANTRA DAO) was founded in 2020 as a vertically integrated and compliant blockchain ecosystem. MANTRA OMniverse includes MANTRA nodes: a blockchain infrastructure-as-a-service business that includes retail pledge, institutional entrustment, node management, and white label verifier operations; MANTRA Chain: Agreement for Regulated Assets in the Cosmos Ecosystem; And MANTRA Finance: a DeFi platform for global regulation.

MANTRA is currently online on Ethereum, BNB Chain and Polygon.

Market value: $27,363,027

Financing: Accumulated financing once, financing amount is not disclosed, main investors include LD Capital, Water Drop Capital, GenBlock Capital, etc.

11.Wombat Exchange （ Token ：WOM）

Founded in 2021, Wombat Exchange is a multi-chain stablecoin exchange with open liquidity pools, low slip points, and unilateral pledges.

Market value: $7,187,178

Financing: Accumulated financing twice, the total amount of financing is 5.2 million USD, the main investors are Shima Capital * Jump Crypto , Wormhole, etc.

NFT

12.Ucollex

Founded in 2021, Ucollex focuses on the NFT platform for art and pop culture collectibles. The platform does not require buyers to have a digital wallet and offers exclusive content, artist interviews, 3D art and virtual reality experiences.

Financing: One round of cumulative financing with a total amount of $10 million, led by Animoca Brands and MCP IPX One Fund, a subsidiary of Japanese investment company MCP Asset Management.

13.BNV.ME

Founded in 2021, BNV.ME is a fashion NFT sales platform that brings fashion to Web3.0 through 3D product creation, NFT sales and future wearability. BNV aims to be a gateway into the virtual world for fashion brands and designers.

Financing: Cumulative financing 1, the total amount of financing is 4 million US dollars, the main investors are. Animoca Brands, Sparkle Ventures, ArkStream Capital Etc.

14.MADworld （ Token ：UMAD）

Founded in 2021, MADworld provides an NFT origin platform and NFT marketplace that uses blockchain technology to protect artists, artwork, creators and content entering the multiverse that has not been traversed. MADworld supports NFT casting to verify the ownership and provenance of physical art, collectibles and products, as well as original content developed from live concerts, sporting events, artist duels and other creative expressions. MADworld aims to give creators complete control over their NFT strategy, supporting them by permanently maximizing the revenue and impact of their intellectual property.

Market value: $4,150,619

Financing: Accumulated financing once, the total amount of financing is 6 million USD, the main investors are Animoca Brands, Master Ventures, Avatar Ventures, Chiron Partners and others.

Game/meta-universe

15.Animoca Brands

Animoca Brands, founded by Yat Siu in 2014, is a Web3 gaming software company and venture capital firm with a portfolio of over 380 titles, making it one of the giants of blockchain gaming investment.

Animoca Brands aims to provide digital property rights to gamers and Internet users worldwide, thereby creating a new asset class, an economy that makes money from games, and a fairer digital framework that contributes to building an open metaworld. It has subsidiaries such as The Sandbox, Blowfish Studios, Quidd and GAMEE.

Financing: Accumulated financing 10 times, the total amount of financing is 758 million dollars, Major investors include Sequoia China, Liberty City Ventures, Dragonfly, 10T Holdings, HashKey Capital, Coinbase Ventures, Huobi Venture Capital, etc.

16.The Sandbox （ Token ：SAND）

Founded in 2012, The Sandbox, one of the leading metauniverse concept projects, is a decentralized, community-driven gaming ecosystem where creators can share voxel assets and gaming experiences on Ethereum and monetize them.

Market value: $1,205,666,592

Financing: Raised twice in total, with a total financing amount of $95.1 million. The main investors include SoftBank Vision Fund, Animoca Brands, Blue Pool Capital, Polygon Labs, Liberty City Ventures, Samsung Next, etc.

17.MOBOX （ Token ：MBOX）

Founded in 2020, MOBOX, the gaming metauniverse on BNB Chain, combines auto-optimized DeFi revenue mining and gaming NFT to create a GameFi metauniverse called MOMOverse.

Market value: $104,618,934

Financing: Accumulated financing twice, the amount of financing is not disclosed, investors include Animoca Brands, Binance Labs.

18.Kingdomverse （ Token ：KING）

Kingdomverse 是一个移动游戏元宇宙，为以太坊 NFT 二层扩容方案 Immutable X 生态项目，其由各种移动游戏组成，这些游戏通过动态开放世界移动元宇宙、NFT 和 Token 连接，为移动游戏玩家创建了一个游戏化的社交中心，用于社交、组建公会、建立自己的王国，甚至战斗和征服其他土地。

Financing: Accumulated financing once, with a total financing amount of $3.6 million.

infrastructure

19.DTTD

Founded in 2021 as a social wallet for NFT, DTTD is building a suite of services and tools for crypto natives, crypto novices, businesses and anyone with an Internet connection to manage all of their NFT in one place.

Financing: One financing accumulated, with a total amount of $2 million, invested by Animoca Brands.

tool

20.Sprout

Sprout 成立于 2019 年，提供股权和 Token 管理解决方案，可帮助公司在一个平台上实时管理股票、员工股票期权计划 (ESOP)、 Token 、筹款和投资者，使团队能够设计启动和跟踪股票期权和 Token 归属。Sprout 的 Folium 产品使组织能够跟踪和管理任何区块链上的所有相关钱包交易和 Token 投资。

Financing: Raised twice in total, with a total amount of $3 million. Major investors include Sequoia India, Old Fashion Research, etc.

An active Web3 investor in Hong Kong

In addition to the above 20 local encryption projects, There are also active Web3 investors in Hong Kong, such as HashKey Capital, EVG, Alliance DAO, Newman Capital, Master Ventures and Antalpha Ventures.

Among them, HashKey Capital, which was founded in 2018, has invested 219 times so far and sold out within a year. 55 times, occupying the Top5 most active investment institutions of Web3 in the past year.

Its investment areas mainly cover infrastructure, DeFi, CeFi and other fields. Represented projects include Animoca Brands, Aztec Network, Celestia, Blockdaemon, Mina and others.

Spartan Group, also founded in 2018, is also very active. It has invested 151 times so far, 49 times in the past year, mainly covering DeFi, infrastructure, gaming, etc. Represented projects include Animoca Brands, BitDAO, Celestia, ConsenSys, Polygon, Sui and others.