Korean crypto investment company launches $120 million fund for blockchain projects

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Korean crypto-investment company launches $ 120 million fund for blockchain projects

Hashed, one of South Korea’s largest managers of cryptocurrencies, has raised $ 120 million to fund new blockchain ventures in the so-called “protocol economy”.

The funds were raised through Hashed Ventures Inc., a new entity that will oversee the implementation of the nine-digit investment. The company has not yet released its backers, however, a spokesman said specified that some of South Korea’s largest IT companies are involved.