Top Asian VC Firms and Crypto Funds Will Invest $100M in Assembly Blockchain

Some of the largest Asia-based venture capital firms and crypto hedge funds are set to invest $100 million into the new blockchain Assembly, which is under the IOTA network. The funding will go towards the further development of the blockchain, which was launched by the Berlin-based research and engineering group IOTA Foundation in November. The blockchain will act as the anchor for DeFI, NFTs, and gaming applications. The Investors The investors involved in the funding include LD Capital, Signum Capital, Huobi Ventures, UOB Venture Management, HyperChain Capital, and Du Capital. Crypto market-maker GSR also participated in the investment. These firms…