In South Korea, and around the world, businesses and companies that want to innovate with new technological advances and blockchain can count on support from digital asset fund management giant Hashed, which raised $110 million for startup financing.
The renowned fund management company based in blockchain, Hashed, based in South Korea, created a new management company called Hashed Ventures Inc., which will be in charge of managing the funds that the company recently raised for the subsidy and financing of new companies that want to innovate in blockchain.
Según un release In a press release shared with local media in the country, Hashed raised a total of 120 billion won, the legal currency of South Korea, equivalent to 110 million dollars, and which will be used to finance the development of all those new companies and businesses that want to participate in the so-called Protocol Economy; a blockchain-powered economy, the cryptocurrencies, and new technological developments, to enable the connection of multiple objectives through decentralization and demonopoly.
South Korea is one of the world's largest technology havens, known for having the fastest internet in the world and for being the first to implement the 5G network nationwide. The majority of its inhabitants are highly adapted to technological innovations, so the country has a wide range of companies that seek to use emerging technologies to develop cutting-edge products, applications and solutions, allowing them to stay at the forefront of innovation and meet the growing and demanding demands of society.
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The future is decentralization
Hashed is inviting all companies and businesses that want to be part of global technological innovation and development. The company assures that, in the future, people will work for different networks and protocols, and not for different companies or organizations as it happens now. With this vision, Hashed is on its way to becoming the leading company that drives decentralization worldwide, so its financing and subsidies are aimed at national, international and global companies that want to grow within this unstoppable and promising industry.
“We are unlocking the potential of blockchain technology.”
Simon Kim, CEO of Hashed, said during an interview with CoinDesk that he strongly believes in the company's vision for the future, which is why he shares the mission of finding the best networks that “make people's work and life easier” and to promote its development, growth and consolidation. Kim also assures that the union of digital ecosystems around the world will accelerate the mass adoption of new technologies, which is why he is promoting development in Asia, the United States and around the world.
Funding the most recognized blockchain protocols
According to Kim's statements, Hashed is the financing entity behind several of the largest blockchain networks. documents of the current ecosystem, such as Ethereum, EOS, Kyber Network, EARTH, MakerDAO, OmiseGO, Synthetix and many more.
Finally, while Hashed did not disclose the backers behind the recent $110 million fundraise, it did state that it is mostly from leading South Korean IT firms, and will focus on developing the new era of distributed blockchain networks.
South Korea's central bank will begin pilot testing for the creation of the digital won, the currency CBDC of the country, and evaluate its feasibility, viability, and potential use cases for it. Thus, according to the results of these studies and tests, the nation will move to the controlled issuance and distribution of the new digital currency. It is estimated that the digital won will be ready for issuance and circulation between 2023 and 2024.
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