Western blockchain investors knock on the door of Chinese crypto scene

President Xi of China’s announcement that blockchain should be a strategic goal has accelerated the expansion of Outlier Ventures, Europe’s first venture firm and incubator dedicated to blockchain technology – into China, promising the early indicators for thawing of crypto winter.

The announcement from President Xi Jinping, that blockchain should be a strategic goal for China, ahead of their state-backed digital currency sent all of the blockchain-related equities on the mainland surging, hitting the 10% daily increase limit and seeing a ‘China premium’ of 30%+ added to all related assets. China is “imminently” to launch the DCEP — the Digital Currency Electronic Payment — as a domestic stablecoin, fully backed 1-1 to the Chinese renminbi and provinces have begun to offer finance and support for blockchain projects.

Xi’s view for China to “seize the opportunity” afforded by blockchain technology came as no surprise to Outlier Ventures who is committed to China’s potential and the opportunity to bridge the gap between Europe and China. The prospect of helping Chinese investors and projects access the overseas market is an unparalleled opportunity for the global investment platform. Whilst the hub for deep tech is often associated with the west, it is the Chinese market that is adopting this new technology and creating interesting, new commercial models to support it. Read More ...

#Blockchain #China

1xBit Salah.gif
1xBit Casino.gif
Antminer Banner.png