ProDigital Future Fund, a Hong Kong-based fund, is raising $100 million this year to invest in digital asset startups. The fund is being led by Ben Ng, a venture partner at Asian private equity firm SAIF Partners, and Curt Shi, a long-time tech investor. The fund has already secured at least $30 million in funding commitments from investors, including Sunwah Kingsway Capital Holdings and Golin International Group.
ProDigital Future Fund will invest in early-stage and developing ventures, particularly tech companies with ties to China transitioning into Web3. The fund has already invested in six digital-asset projects, including Hong Kong-based metaverse company GigaSpace and Australia-based digital sports club One Future Football.
Hong Kong is actively courting crypto companies and talent to revive the financial center. The city’s support for crypto exchanges contrasts with sharp US regulatory scrutiny, although there are concerns that Hong Kong may one day reverse course. Nonetheless, ProDigital Future Fund is committed to its strategy, with Shi stating that
"nothing is perfect given the complexity of the crypto economy and current geopolitical situation."
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