The C1 Fund, focused on Web3, has been listed on the US stock market, with Huaxing Capital serving as the sole underwriter in Asia.

PANews, August 8th news, according to official sources, recently, Huaxing Capital, as the only underwriter in Asia, assisted C1 Fund (CFND), the first closed-end fund in the Web3 industry focusing on Primary Market investments, in successfully completing its listing on the New York Stock Exchange. C1 Fund is a private investment company focused on Web3 and digital asset services, headquartered in Palo Alto, California. In this initial public offering (IPO), C1 Fund is issuing 6,000,000 shares globally, with the issue price set at $10 per share, raising approximately $60 million in total; the fund plans to invest at least 80% of its total assets in equity and equity-linked securities of companies primarily engaged in Web3 and digital asset services and technology, and intends to achieve its investment goals through a portfolio of investments in 30 digital asset service and technology companies recognized by the fund.