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Hong Kong’s Digital Tech Park Cyberport Confirms HKD 14.87M Investment into Four High-Potential Startups

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Hong Kong’s digital technology park Cyberport confirms that it has invested HKD 14.87 million (appr. $1.92 million) into the operations of four of the startups in its network.

The companies include Lynk, Rice Robotics, Dash Living and Hex Trust. These investments have been made during the last six months via the firm’s Cyberport Macro Fund (CMF).

The four startups acquiring the funds from the CMF mainly cover the Fintech and “smart living” verticals, including Rice Robotics which creates autonomous robots at scale; Dash Living which supports community co-living via its platform; Hex Trust which offers institutional custodian solutions for crypto-assets; and Lynk which manages an international expert platform using Big Data and AI.

As CMF’s first investee in 2017, this is notably Lynk’s second round of funding. The new investment has brought in additional co-investments valued at HKD 154 million (appr. $19.92 million), which add up to HKD 169 million ($21.84 million) in total funds raised.

Cyberport had established the CMF with an initial allocation of HKD 200 million back in August 2016. The CMF was supposed to offer seed to Series A stage capital to its startups so they can support the development of their products.

In April 2021, an additional HKD 200 million was allocated to the CMF and its investment scope has now been widened to include Series B or later-stage funding rounds in order to assist high-potential startups with their ongoing development.

The CMF has invested approximately HKD 139 million (appr. $17.9 million) into the operations of 19 startups and has brought in co-investments of more than HKD 951 million (appr. $122.7 million), bringing the total funds raised to more than HKD 1 billion (appr. $140.6 million).

Dr. George Lam, Chairman of Cyberport, stated:

“The capital injection from Cyberport Macro Fund will further accelerate these start-ups’ development and attract international investors, speeding up their expansion to overseas markets. The injection of $200 million into the Cyberport Macro Fund and extension of its scope to cover Series B or later stage investments will reinforce Cyberport’s support for our startups’ fundraising capabilities and allow us to thrive in our role as a venture capital bridging platform.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.crowdfundinsider.com/2021/07/177928-hong-kongs-digital-tech-park-cyberport-confirms-hkd-14-87m-investment-into-four-high-potential-startups/

Crowdfunding

Japanese Engineers Shatter Record for Internet Speed — Are You Ready for a Revolution?

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You rely on Crowdability to bring you the best start-up deals. Now rely on us to bring you the most fascinating stories and trends from the world of technology. You won’t find this stuff in the mainstream press. Look for it every Friday morning.

Time to Sell Your Netflix Stock?

With people finally emerging from their pandemic cocoons, Netflix is struggling to maintain its growth. So it decided to add something new for us to do online… »

Is Google Trying to Kill People?

Hikers in Scotland rely on Google Maps to guide them. But lately, they’ve been wondering whether Google is trying to help them — or hurt them. Read more here »

Give a Stranger Your Password

Imagine your $15 Netflix bill dropping to $5. Or your $19.99 Spotify subscription being trimmed to just $3 a month. A new service makes it possible — but there’s a catch »

This Car Was Designed to Make You Money

Cars today are amazing feats of technology. They can automatically stop on a dime, or squeeze into a tight parking spot at the push of a button. But only one car has a high-tech feature that can actually make you money. Get the scoop »

Japanese Engineers Shatter Record for Internet Speed — Are You Ready for a Revolution?

Engineers in Japan just broke the world record for the fastest internet speed. According to experts, this could “literally change everything.” Learn how »

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PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.crowdability.com/article/japanese-engineers-shatter-record-for-internet-speed-are-you-ready-for-a-revolution

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Your Chance to Say “I QUIT!”

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Imagine walking into work tomorrow, looking your boss in the eye, and saying…

“I QUIT!”

Then you could head home, kick up your feet, and start enjoying retirement!

And here’s the best part:

Your bills are paid, and you could care less whether the market is going up or down.

Well, thanks to an extraordinary investment strategy I’m about to show you, this dream scenario could become your reality as early as next year.

This is a game-changer. It’s a way to earn six figures each year — even if you have no money to invest at all.

How is this possible? Let me explain…

“It Takes Money to Make Money”

Many Crowdability readers love our research on the private markets, but a big hurdle is preventing them from taking advantage of it:

Before they can start investing, they need some seed capital!

In other words, if they only have a tiny nest-egg, or no nest-egg at all, even the most powerful investment strategies can’t help them achieve their financial goals.

Which is why we’ve spent years researching alternative strategies…

Strategies that can help investors build up a nest-egg with little upfront capital…

Or even better, no upfront capital at all.

“The No-Money Down” Strategy

Matt and I focus most of our time and capital on early-stage startups…

But we make other types of investments, too.

And recently, while we were searching for non-traditional investments that could deliver big returns, we identified dozens of under-the-radar strategies…

The types of strategies that could add thousands of dollars to your nest-egg each month.

To be clear, these strategies have nothing to do with startups or early-stage investing…

But they can be just as beneficial to your portfolio.

Furthermore, you don’t need any special experience to use these strategies — and in many cases, you don’t need any upfront capital, either.

Matt used one of these strategies to add $13,326 to his bank account in a single month.

But there are other people — folks like our friend Ben Schott (who isn’t an experienced or wealthy investor) — who’ve been using another of these strategies to consistently earn about $4,264 per month.

And here’s the crazy part:

He’s able to earn those kinds of returns even though he didn’t risk a penny in upfront investment capital!

That’s why we call this our “No-Money Down” Strategy…

Join Us Next Week!

If you’d like to learn more about these under-the-radar “hidden income” strategies…

Strategies that are already helping people like Matt and Ben earn thousands of dollars a month…

Then click the link below to immediately register for an upcoming Strategy Briefing we’re hosting next week.

During this special online event, we’ll show you exactly how our “hidden income” strategies work, and how you can start using them immediately.

This event will be unlike anything you’ve seen before.

To sign up for next week’s “Hidden Income” Strategy Briefing, click here now »

Best Regards,
Wayne Mulligan
Wayne Mulligan
Founder
Crowdability.com

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Source: https://www.crowdability.com/article/your-chance-to-say-i-quit-2

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Upgrade Adds Bitcoin Rewards Card

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Upgrade, an online lender, has announced the launch of the Upgrade Bitcoin Rewards Card a new version of Upgrade Card featuring Bitcoin rewards. Under Upgrade’s new program, users may earn unlimited 1.5% Bitcoin rewards on every purchase as they make payments.  The custody and trading platform for holding and selling Bitcoin is provided by NYDIG.

Upgrade has facilitated more than $7 billion in credit to consumers through cards and loans since its inception in 2017. It also offers rewards checking accounts with debit cards that pay 2% rewards on transactions and monthly subscriptions.

Founder and CEO Renaud Laplanche says Upgrade Card is already providing $3 billion in credit to consumers.

“Starting today, anyone can apply for an Upgrade Bitcoin Rewards Card and enjoy the same affordable and responsible credit as with any Upgrade Card, plus the potential upside and fun of owning Bitcoin,” says Laplanche.

As with every Upgrade Card, the Fintech promotes “responsible credit” by turning every balance into a fixed-rate installment plan, and by paying rewards to cardholders as they pay down their balance.

The Upgrade Bitcoin Rewards card is leveraging the growing popularity of crypto by providing a simple path to holding Bitcoin.  Cardholders must hold their Bitcoin rewards for at least 90 days and then may sell at any time subject to a 1.5% transaction fee.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178147-upgrade-adds-bitcoin-rewards-card/

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Fidelity Digital Assets Survey Reveals Growing Number of Institutions Plan to Gain Exposure to Crypto-Assets

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Seven in 10 institutional investors are now expecting to purchase or invest in digital assets in the future, and over 90% of those interested in these financial instruments expect to have an allocation in their institution’s or clients’ portfolios “within the next five years.” This, according to new research from Fidelity Digital Assets’ 2021 Institutional Investor Digital Assets Study.

This forecast confirms a steady acceleration in adoption of digital assets over the next several years as over half (52%) of institutions surveyed across Asia, Europe and the U.S. “currently invest in digital assets.”

Although adoption rates remain fairly high across Asia (71%) when compared to Europe and the U.S., participation “increased in both markets as 56% of European institutions and 33% of U.S. institutions now hold investments in the asset class, up from 45% and 27%, respectively, the prior year.”

Tom Jessop, President at Fidelity Digital Assets, stated:

“The increased interest and adoption we’re seeing is a reflection of the growing sophistication and institutionalization of the digital assets ecosystem/ The pandemic – and fiscal and monetary measures in response to it – has been a catalyst for many institutional investors to define their investment thesis and operationalize it.”

According to the study, nearly 9 in 10 investors find characteristics of digital assets “appealing, with increases in both U.S. and Europe.” Digital assets’ high potential upside and relatively low correlation to other assets have “grown in appeal to institutional investors in recent years, with the potential upside gaining 16 points among U.S. investors since 2019 and 13 points among European investors since 2020.”

Price volatility is still the primary obstacle or barrier to adoption, “followed by lack of fundamentals to gauge value and concerns around market manipulation; however, investors cited less concern about complexity for institutions and market infrastructure than previously.”

Jessop added:

“The expectation that the vast majority of institutions will have some exposure to digital assets by 2026 shows that investors have a deeper understanding of the asset class and have progressed in the three-phase journey from education to adoption.”

Today, almost 8 in 10 institutional investors think that crypto-assets should be part of a portfolio. This belief is “strongest in Asia, where adoption rates are highest; however, European and U.S. institutions are increasingly in agreement”:

  • More than three-quarters (77%) of European investors share this belief, up from two-thirds the prior year
  • 69% of U.S. investors share this belief, compared to 64% the prior year.

Fidelity Digital Assets says they will be exploring the investment outlook and institutions’ investment preferences in another report this fall, “featuring deeper insights from the 2021 Institutional Investor Digital Assets Study.”

As stated in the update:

“As adoption increases, institutional investors are expecting more services from digital asset custodians. Investors want a custodian that offers electronic trading (63%) and market data and analytics (56%), with a greater emphasis on these services among U.S. institutions. Still, security and safety remain the most important features of a custodial relationship, having grown in importance in both Europe and the U.S.”

You may learn more about the institutional market for digital assets and Fidelity Digital Assets’ custody and trade execution platform here.

As noted in the announcement, the blind survey was “executed in association with Coalition Greenwich on behalf of Fidelity Digital Assets and the Fidelity Center for Applied Technology between December 2, 2020 and April 2, 2021.”

The survey included 1,100 institutional investors in the U.S. (408), Europe (393) and Asia (299), “including high net worth investors, family offices, digital and traditional hedge funds, institutional investors, financial advisors and endowment and foundations.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.crowdfundinsider.com/2021/07/178139-fidelity-digital-assets-survey-reveals-growing-number-of-institutions-plan-to-gain-exposure-to-crypto-assets/

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