Bitget Launches $100M Web3 Fund to Support Next-Generation Crypto Projects in Asia

Press release

VICTORIA, Seychelles, April 10th, 2023
—
Bitget, a top crypto derivatives and
copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million. The fund will focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects.
The Bitget exchange is adhering to a ‘Go beyond derivative’ strategy in 2023 with the launch of the Bitget Web3 Fund, which is intended to foster a positive attitude towards the digital currencies economy and support the development of the Web3 environment. The Bitget Web3 Fund will seek out VCs and projects globally but prioritize partners in Asia that have a clear roadmap and an experienced team, and those that offer innovative solutions to real-world problems. As of now, it has received inquiries from VCs including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital for potential partnerships.
"We can see that Web3 space is evolving rapidly and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process. We are taking a fully conscious and responsible approach in this regard and know how important accountability is when dealing with any innovative project requiring investments. We strive to support financial innovation in Asia and believe that our platform can act as a reliable, convenient, and secure link between the worlds of DeFi and CeFi. Our team of analysts has already outlined the criteria for project selection and will adhere to them strictly," as
Gracy Chen, the Managing Director of Bitget, commented on the launch of the new fund.
Bitget has been a supporter of numerous endeavors aimed at advancing the adoption of cryptocurrencies. The new 'Go beyond derivatives' strategy saw the exchange acquire several Web3 applications in recent months and pledge its support as a sleeve sponsor to Juventus, and as a general sponsor to the Juventus Women’s Team for the 2022-2023 season. In a major move into the Web3 space, the exchange recently acquired the BitKeep wallet - a Web3 access gateway with over 9.5 million users, which will further enhance the Web3 surfing experience for Bitget users. Bitget is also launching numerous events and challenges for the community to support both individual initiatives and overall community spirit.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange with
futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10
spot trading platform.
For media inquiries, please contact:
media@bitget.com
How to sell PIBitget lists PI – Buy or sell PI quickly on Bitget!
Trade nowRecommended
- Press releaseBitget Lists AB (AB) in Innovation & Web3 Zone Victoria, Seychelles, 3rd March 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has listed AB (AB) in the Innovation and Web3 Zone. Trading for AB (AB) will commence on 3 March 2025, 10:00 (UTC). AB is an advanced blockchain ecosystem evolving from the Newton Project which launched in 2018, designed for decentralization, interoperability, and real-world asset (RWA) integration. With the first phase as the Newton Project, it has partially built a decentralized infrastructu
2025-03-03
- Press releaseBitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need Victoria, Seychelles, 28th February 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is partnering with world-renowned humanitarian organizations, including the UN Refugee Agency, UN World Food Programme, ShareTheMeal, and the One Billion Meals Endowment, to distribute up to 100,000 meals to individuals in need during Ramadan. This initiative targets vulnerable communities in regions facing significant challenges, aiming to alleviate hunger during the holy month. Each meal
2025-02-28
- Press releaseBitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186% Victoria, Seychelles, 26th February, 2025 - Bitget, the world's leading cryptocurrency exchange and Web3 company, has released their proof-of-reserves report for February 2025. The newest snapshot shows the updated data highlights an increase of reserves to 186% up from its commitment of 100%. Bitget’s latest proof of reserves reaffirms its financial stability and transparency, showcasing a strong total reserve ratio. The exchange holds substantial reserves across major asset
2025-02-26
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to sell PIBitget lists PI – Buy or sell PI quickly on Bitget!
Trade now