Singapore State-Owned Fund Backed Coinbase’s $300 Million Raise: Report
Yogita Khatri's original article for www.coindesk.com reduced by 49%
GIC Private Limited, a Singapore government-owned wealth fund, reportedly backed Coinbase's $300 million funding round last year. The fund has more than $100 billion in assets in over 40 countries across various asset classes, the report adds, though the Sovereign Wealth Institute puts the total far higher at an estimated $390 billion. At the time, neither the exchange nor GIC disclosed the fund's participation.
The university also said that it is considering further investment in the fund. In Horowitz's fund at the time, as well as backing Paradigm's $400 million crypto fund last October. Earlier this month, two public pension funds in Fairfax County, Virginia, backed.
Morgan Creek Capital's crypto-focused venture fund that raised $40 million.
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CN [too long; didn’t read]
Summarised crypto news.