Sino Global Capital Launches $200M Fund Backed by FTX

Sino Global Capital Launches 0M Fund Backed by FTX
Chinese crypto venture capital firm Sino Global Capital is launching a $200 million fund, backed by derivatives exchange FTX.The news was first reported by The Block early on Monday. Sino Global confirmed the news to CoinDesk in an official statement.The fund, dubbed Liquid Value Fund I, is hard-capped at $200 million, the statement said. Most of that has already been committed by partners like FTX, according to The Block.Liquid Valve Fund I will invest in DeFi, Web 3.0 and “mass consumer protocols” on Solana and Ethereum ecosystems, and will focus on projects in Asia and particularly India, according to the…