Press release
Pando Group Announced the Closing of New Equity Round from Bitmain's Partner Antalpha
August 9, 2024 - Hong Kong - Pando Group announced ("Pando" or the "Company") that the company successfully closed a new equity round of tens of millions of dollars from Antalpha, the world's leading BTC ecological service provider.
Antalpha is a strategic partner of Bitmain. Founded in 2021 and headquartered in Singapore, it is profoundly trusted by institutions, start-up teams and qualified investors. Antalpha is committed to promoting blockchain technology and application innovation and has become one of the leading companies in the global BTC ecosystem service system.
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Junfei Ren, Founder and CEO of Pando Group, stated that this investment and strategic cooperation with Antalpha also represents an important milestone in the company's development of the web3 ecosystem in Hong Kong. The company plans to re-invest in key growth factors such as in-depth data driven research analysis on industry as well as blockchain database, product innovation and market expansion, the recruitment of outstanding talents, and technological innovation, aiming to promptly seize the growth opportunities in the field of digital assets and accelerate the company's global footprint.
Antalpha's flagship platform, Antalpha Prime, is particularly built for institutional customers to provide Bitcoin ecological financing services. Through a service platform that is monitorable, auditable, traceable and subject to unified rules, it provides customized solution capabilities for mining, digital asset owners, institutional investors and other institutions, and builds a bridge between digital assets and traditional capital. Other ecological members include Antalpha Labs blockchain developer community, Antalpha Ventures blockchain early investment, digital payment solutions and other fields.
About Pando:
Pando is a fully licensed virtual asset management company with global influence and operations in Europe, Asia and North America, with comprehensive retail market capabilities. As leader in digital asset management, Pando has obtained upgraded Type 1, Type 4 and Type 9 licenses (both traditional and virtual assets) issued by the Securities Regulatory Commission in Hong Kong. At the same time, Pando has also obtained public fund qualifications and issued a number of actively managed ETF products with excellent performance. In 2022, Pando Asset established its headquarters in Zurich and issued Bitcoin and Ethereum spot ETPs on the Swiss Exchange, as well as Pando6 Index Fund ETPs. Through strategic layout, Pando has accumulated rich experience in digital asset allocation and compliance, is committed to providing diversified investment solutions, and has attracted many investors.
For more details, please visit: www.pandofinance.com.hk [http://www.pandofinance.com.hk./].
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Pando Finance Limited
Contact Person: Media Relations
Email: Send Email [http://www.universalpressrelease.com/?pr=pando-group-announced-the-closing-of-new-equity-round-from-bitmains-partner-antalpha]
Country: HongKong
Website: http://www.Pandofinance.com.hk
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