Yesterday, Circle, the issuer of the second largest stablecoin USDC announced the launch of its Venture Fund. It looks like the unit was set up earlier this year, based on the three team members listed on Linkedin, but yesterday was the first investment announcement. In 2019 it acquired the crowdfunding platform SeedInvest.
JPYC, the Japanese Yen Stablecoin Coin company, said it raised a 500 million yen ($4.4m) Series A round led by Headline Asia (formerly Infinity Ventures) with Circle and I-nest Capital as participants.
To cover the APAC region, Circle Ventures hired a former executive from Bitmain and IDG Capital, a company that previously invested in Circle.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
