After the collapse of FTX, Temasek returned to the crypto world! Support Superscrypt to raise 100 million pounds for a new blockchain fund.

Superscrypt, a Block chain venture capital firm backed by Singapore's sovereign fund Temasek Holdings, was revealed by Bloomberg today that it is planning to raise more than $100 million for its second venture capital fund. Temasek will be the lead investor and partner in the new fund. (Summary: Taiwan does not have a sovereign fund!) Central Bank Yang Jinlong: Temasek's investment in Cryptocurrency lost 5.7 billion yuan, which is difficult to account for society) (Background supplement: Temasek: Don't dare to touch Cryptocurrency, supervision is not friendly!) Due to FTX's tragic loss of 275 million magnesium, "the wound is still hurting") Singapore's sovereign fund Temasek Holdings is returning to Cryptocurrency and Block Chain Ventures after experiencing the FTX thunderstorm. Bloomberg reported yesterday (1) that people familiar with the matter revealed that Superscrypt, a Block chain venture capital company backed by Temasek, is planning to raise more than $100 million for its second venture capital fund. Temasek and New York-based fintech company Republic have been listed together as major investors in the new fund and will co-serve as general partners of the new fund, people familiar with the matter said. Currently, this funding process is still ongoing and the final funding amount may still change. Temasek, Republic and Superscrypt did not respond to confirm the revelations. Temasek was reluctant to zero down its US$275 million investment in FTX after the bankruptcy and collapse of SBF's FTX exchange in November 2022, which also led to the questioning of former Singapore Prime Minister Lee Hsien Loong and current Prime Minister Lawrence Wong in Parliament, and Temas's subsequent significant salary cuts for the team responsible for investing in FTX and senior management. Temasek Investments said the following year that it "will be very difficult" for them to make another cryptocurrency investment due to the high degree of uncertainty in the regulation of cryptocurrencies. Although the successive crashes of Terra, Three Arrows Capital, and FTX in 2022 have plunged the overall cryptocurrency industry and market into a long-term downturn, with the BTC and cryptocurrency markets ushering in a bull market after the listing of BTCSpot ETFs this year, venture capital flowing into digital asset companies has gradually recovered this year, and Temasek is now rumored to be planning to return due to the loss of $275 million in FTX. Read more: Temasek: Don't dare to touch Cryptocurrency, regulation is not friendly! "The wound is still hurting" due to FTX's tragic loss of 275 million magnesium Superscrypt: Temasek-backed Web3 fund Superscrypt is a Temasek-backed Block Chain early-stage venture capital firm that invests in protocols and teams that help Block Chain become more usable and support teams in building applications and emerging use cases that rely on Web3 technology. It has invested in more than 20 projects since 2022, including Microsoft-backed software developers and startups such as Space and Time and Move-based public chain operator Aptos Labs. Related reports Temasek's Marketnode into Web3" will launch Block Chain Fund Settlement platform and tokenization credit products in Q1 next year Temasek Web3 Fund Talk RWA Superscrypt Partner: Talk about real-world asset context and details that most people don't know Singapore's Deputy Prime Minister: Not planning to be "the center of cryptocurrency activity"; Temasek is under internal scrutiny due to FTX's 'reputational damage' (Temasek returns to crypto world after FTX crash!' Support Superscrypt to raise 100 million magnesium new Block Chain Fund" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".