Hangzhou Blockchain Raises HK$100m via Digital Token Fund to Invest in Japanese Cryptocurrency

Hong Kong

Grandshores Technology Group, a Hong Kong-listed contractor-turned-blockchain investor, plans to raise HK$100 million (US$12.7 million) via a digital token fund to finance a yen-backed cryptocurrency project. Grandshores Technology’s pivot to blockchain investment is the result of an acquisition of SHIS by a company controlled by Yongjie Yao in May and its subsequent back door listing. […]