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A few weeks ago, Hong Kong welcomed Web3 enthusiasts and members of the fintech community to Consensus Hong Kong, one of the year’s most significant crypto events. The event brought together leaders and investors to discuss the future of crypto, blockchain technology, and the Web3 ecosystem.
Among notable speakers was Hong Kong’s financial secretary, Paul Chan Mo-po, who took center stage to reaffirm the city’s commitment to staying at the forefront of developments in the decentralized finance (DeFi) ecosystem. As the Web3 space in Hong Kong continues to grow, this expansion mirrors the broader growth of the Asian crypto market, fueling the adoption of financial technologies across the region.
With a proactive government, Hong Kong is set to continue embracing ventures that contribute to expanding its growing digital ecosystem. Building on this momentum, Jsquare, a research-driven tech investment firm in the Web3 and crypto space, has launched its latest venture, the Jsquare Pioneer Fund.
With $50 million in capital raised already, it has made its first investment in the startup MinionLabs, a decentralized network of autonomous AI agents called “Minions” that turn idle devices into data miners. The fund will support ventures in emerging areas like real-world assets (RWAs), PayFi, and consumer apps.
Joanna Liang, Jsquare’s Founding Partner, notes: “The launch of Jsquare’s Pioneer Fund is a milestone in our journey of fostering growth across the entire blockchain ecosystem.”
Compared to traditional venture capital funds, which primarily focus on providing clients exclusively monetary support, the Pioneer Fund provides strategic guidance through regular meetings and ongoing client encounters. The fund is designed to collaborate with founders, helping them overcome challenges while unlocking new opportunities for success through marketing tactics and growing strategies.
Joanna Liang leads the fund, leveraging her extensive venture capital experience from her role as CIO at DFG, a global VC firm specializing in Web3. James Wo joins the fund as a venture partner, drawing from his experience as CEO and Founder of DFG.
The fund’s seasoned leaders bring a strong network of more than 30 global partners and established relationships with over 20 exchange platforms, allowing them to offer portfolio clients top resources on a local and international level.
Based in Asia, the Pioneer Fund aims to bridge the gap between the East and West, building productive partnerships between Japan, the United States, the UAE, South Korea, and the ASEAN bloc.
Joanna Liang adds: “We are excited to work with projects in high-potential sectors like RWAs and consumer apps, as we see these areas as significant opportunities for growth. Our commitment is more than providing the capital to these projects, as we strive to offer guidance and use our global network and connections to help projects become industry leaders.”
Asia has consistently demonstrated its commitment to leading digital transformations in the Web3 and crypto space. By providing ventures with the necessary resources to succeed, the region will continue solidifying its position as a global Web3 hub.
