A Chinese venture company working in the field of blockchain opens an American unit and intends to invest 200,000 Ethereum or about $ 86 million into local blockchain start-ups. This is reported by CoinDesk.
The firm explained that it is opening an office in the US to increase the presence of blockchain-startups from the Silicon Valley in its portfolio. The company did not specify the time of the launch of the new division.
To date, the Peking Venture Company has been involved in financing 160 crypto-currency start-ups, 80% of which are located in China, said Du Jun, the founder of Node Capital, speaking at the event.
Among the most notable start-ups in Node Capital's portfolio the are Coldlar hardware wallets manufacturer and Jinse Finance, one of the largest crypto-currency portals in China. The company also sponsored about 20 crypto exchanges, including FCoin, which recently attracted attention thanks to the "mining with commissions" model.
Du Jun is also one of the first Chinese investors to start discovering the sphere of crypto-currency. He co-founded the Huobi exchange in 2013 with Li Lin, who now holds the post of CEO of Huobi Group.