HNWs in Singapore place bets on crypto going mainstream
Coinbase IPO seen as a watershed moment; investors here hoping for big payoffs from their stakes in crypto, blockchain projects
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THE public listing of cryptocurrency exchange Coinbase in April is a sign that crypto may be edging into the mainstream of finance.
Singapore-based investors, too, have hit home runs with their stakes in blockchain and crypto projects - including sovereign wealth fund GIC.
One among the advocates here is John Ng Pangilinan. In 2017, Mr Ng Pangilinan founded Signum Capital, a venture firm that backs blockchain-enabled projects. The firm has since supported some 70 projects, with funds raised from family offices and high net worth individuals. Each investment ranges between US$100,000 to US$2 million.
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