Hong Kong Fund Aims to Bet $100 Million on City’s Crypto Push

(Bloomberg) — A new Hong Kong-based fund plans to raise $100 million this year to invest in digital asset startups, as the city seeks to become a regional fintech hub.

The fund, led by Ben Ng, a venture partner at the Asian private equity firm SAIF Partners, and longtime tech investor Curt Shi has secured at least $30 million in funding commitments. Those who joined the first close for ProDigital Future Fund after a half-year fundraising period included Sunwah Kingsway Capital Holdings Ltd. and Golin International Group Ltd., Shi said in an interview.