India

Capital management giant Invesco has filed an application with the Securities and Exchange Board of India to launch a mutual fund to invest in blockchain companies, according to the Economic Times on Sept. 8. In the application filing, Invesco said the fund is very high risk and will be used primarily to invest in Invesco's Elwood Global Blockchain UCITS ETF, which invests primarily in companies related to blockchain technology and has returned 82% over the past year.

In an interview with Blockchain Daily, Wang Haifeng, a senior researcher of Eurotech Cloudchain Research Institute, said that India has a population of over 1.3 billion, among which young people are well educated and more likely to understand and accept the cutting-edge technologies and concepts of blockchain and cryptocurrency, which also means its market potential is huge, and it makes sense for institutions to lay out in advance for strategic reasons.

On August 24, Indian social platform Hike announced the completion of a new round of financing, finance undisclosed, this round of SoftBank Vision Fund has participation, the previous round of Tencent and Foxconn led the D round of $175 million in financing. It is reported that the new funds will be used to expand product strategy and recruit talent in the social, gaming and crypto fields.