Illustrative image (Photo: Engma) HCM City (VNA) - VinaCapital Ventures, a technology investment platform of VinaCapital Group, on December 21 announced that it has invested in Hub Global JSC, a blockchain eco-platform that focuses on supporting the development of promising Vietnamese startups creating blockchain solutions across a range of verticals.
The deal has made VinaCapital Ventures the largest strategic shareholder of Hub Global and helped it secure a seat on its Board of Directors.
Hub Global JSC was founded in 2021 by Linh Han, CEO at VSV Capital and a member of the Forbes “30 under 30” in Asia list; Bryan Pelz, CEO of Xtab Xtudios and a former co-founder and current board member of VNG; and Hai Bui, co-founder of VCC Holdings and former head of Business Technology Transformation at Techcombank and Kyber Network.
Hub Global JSC focuses on three key areas: incubator/accelerator, blockchain community and sandbox, and blockchain investment fund, backed by 10 limited partners and several reputable entrepreneurs, the fund has recorded a profit of 5x its initial investment after just three months of operation.
According to Hoang Duc Trung, Manager of VinaCapital Ventures, blockchain boasts enormous potential far beyond cryptocurrency, and Vietnamese startups are already making inroads into developing blockchain solutions in a number of applications.
“We are excited to invest in Hub Global JSC and look forward to working with its team, which has a diverse range of experience and a track record of successfully setting up and commercialising large-scale blockchain projects,” he said./.
“We are excited to invest in Hub Global JSC and look forward to working with its team, which has a diverse range of experience and a track record of successfully setting up and commercialising large-scale blockchain projects,” he said./.
VNA
