- April 11, 2023
- Posted by: [email protected]
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China Pacific Insurance Company (CPIC) Investment Management, a leading player in the insurance industry, is making a bold move into the world of cryptocurrencies. In an exciting partnership with investment firm Waterdrip Capital, CPIC is set to launch two cutting-edge crypto funds. As a subsidiary of China Pacific Insurance (CPI), a prominent state-owned enterprise, CPIC Investment Management’s foray into the crypto space signifies a significant milestone in the growing acceptance of digital assets in mainstream finance.
Founded in Shanghai in 2017, Waterdrip Capital has emerged as a formidable force in the investment world, bridging the gap between traditional financial markets and the revolutionary potential of blockchain technology. With a strategic focus on supporting blockchain-related projects and crypto startups, Waterdrip has earned a reputation for its unwavering commitment to driving the adoption of cutting-edge technologies.
In an exciting announcement on Twitter, Waterdrip Capital confirmed the launch of two joint crypto funds, driven by the implementation of incentive policies for virtual assets by the Hong Kong government. As a trailblazer in the global investment landscape, Waterdrip Capital is at the forefront of leveraging the evolving regulatory landscape to fuel innovation and growth in the crypto space.
CPIC’s new crypto funds in collaboration with Waterdip are said to include the Pacific Waterdrip Digital Asset Fund I, a venture capital fund that’s set to fuel early-stage investments in groundbreaking blockchain projects, and the Pacific Waterdrip Digital Asset Fund II, which will be managing proof-of-stake digital assets, catering to the growing demand for PoS-based cryptocurrencies, and providing lucrative opportunities for investors seeking to participate in the PoS revolution.
Geared towards institutional and affluent private investors, these crypto funds are designed to capture the attention of those looking for cutting-edge investment options in the dynamic world of cryptocurrencies. The launch of these innovative funds marks CPIC Investment Management’s commitment to driving forward the future of crypto investment with visionary strategies and unparalleled expertise and signals a notable step towards greater adoption of cryptocurrencies by traditional financial institutions.
