Aegeus(AEG)

The Project Mariana was developed under the aegis of the Bank for International Settlements.

San Francisco, USA, August 2nd, 2023, ChainwireLBank Labs Summer Bootcamp is proud to announce the successful completion of its competition, bringing together the brightest minds from esteemed University Blockchain Clubs worldwide. LBank Labs, a leading player in the web3 space with a $100AUM fund launched at the end of 2022, hosted the competition to foster innovation and drive collaboration among students in the blockchain and cryptocurrency industry.With a diverse pool of participants from various universities and regions, LBank Labs showcased its commitment to nurturing talent and promoting cutting-edge developments in the blockchain ecosystem. Leveraging its experienced team of web3 veterans hailing from prestigious entities such as Binance Labs, Binance NFT, Bitmain, Huobi Listing teams, and Consensys, LBank Labs has built an extensive network of expertise and connections that go beyond specific protocols and exchanges.The summer bootcamp's investment strategy focuses on fund-of-fund investments, direct investments in early-stage projects, and liquid projects, enabling exploration of diverse opportunities in the rapidly evolving crypto landscape. The program has already made significant strides in setting a high standard of excellence by collaborating with top educational institutions and promising innovators worldwide.The competition, which was launched over three months ago, garnered an overwhelming response, with more than 70+ teams submitting their projects for a chance to win an exclusive trip of a lifetime to Cabo San Lucas. The prize included coveted mentorship opportunities from some of the most esteemed crypto funds in the world, including Generative Ventures, BAI Capital, Youbi Capital, Stake Capital, and Web3 Ventures, among others.The participating student teams hailed from prestigious institutions such as Harvard, MIT, Duke, Stanford, Cornell, UPenn, Imperial College of London, Taras Shevchenko University of Kyiv, Istanbul Technical University, Tokyo University, HSG St. Gallen in Switzerland, Goethe University Germany, and many more, representing a global spectrum of talent and creativity.The winning student teams were meticulously selected by LBank Labs' senior researchers, who possess extensive expertise in cryptography, token design, decentralized computing, and infrastructure. The quality of submissions was exceptional, reflecting the program's ability to attract top-notch projects and minds eager to make a significant impact in the blockchain industry."We are thrilled with the remarkable response and the exceptional talent that participated in our Summer Bootcamp competition," said Valeria Kholostenko, Principal at LBank Labs. "It is inspiring to witness the passion and innovation that these young minds bring to the table. As LBank Labs, we remain dedicated to empowering the next generation of blockchain leaders and supporting groundbreaking projects that will shape the future of the web3 ecosystem."LBank Labs Summer Bootcamp 2023 Winning Teams:Lila Finance, Carnegie Mellon University. Fixed income DeFi Markets saving, lending, and market making. https://www.lila.finance/AminoChain, Columbia University. AminoChain is a platform that provides integrated & seamless Web 3.0 capabilities to Biobanks & Medical Research Bodies. https://aminochain.io/Zcaptcha, Columbia University. ZKaptcha makes novel use of zero-knowledge cryptography and AI to generate powerful primitives to generate user interactions, empowering protocols and dApps to confidently onboard new users and thrive in the decentralized landscape. https://docs.zkaptcha.xyz/Crossify, Istanbul Technical University, https://www.crossify.xyz/. Payment gateway that simplifies the complexities of crypto payments for both buyers and sellers.Headquarters, Singapore Management University. Unified dashboard for Web3 founders to get visibility and control over their treasury.https://www.hq.xyz/Hinkal, Stanford. Embedded privacy of on-chain assets and transactions. https://hinkal.pro/VPN3, Stanford. AI-Powered Decentralized VPN3 https://www.hotspotvpn.io/0xblu, Stanford. Smart Wallet for Web3 powered by ERC 4337. https://www.0xblu.com/Mexiverse, Universidad Panamericana. http://mexiverse.net/ Indigenous art enhanced with NFTs.Crecy, National Autonomous University of Mexico.Crecy is the first crypto-backed credit card in LATAMhttps://www.crecy.io/Kryptik, Carnegie Mellon University. Kryptik is an open-source wallet for the decentralized web https://www.kryptik.app/Cashstream. Dartmouth College. CashStream is a blockchain-based solution for initiating recurring SaaS payments, paid out by the second. https://cashstreamcrypto.com/XLetter, Ewha Womans University, Yonsei University, Sungkyunkwan University. https://www.xletter.io/WalletZK, Leiden and Hanse University, Groningen, Netherlands. The First Smart Contract Wallet on Mina Protocol.https://www.walletzk.app/Nodekit, University of Wisconsin.Building the Next Generation of Rollups https://www.nodekit.xyz/Aegis Protocol, Harvard University, MIT, Duke University. Aegis is a decentralized consumer protection layer for blockchain transactions. aegisprotocol.ioTeams will be joined by mentors and leads from LBank Labs in Cabo San Lucas, Mexico.About LBank LabsLBank Labs is a prominent player in the web3 space, managing a versatile $100 Million fund that extends beyond specific protocols and exchanges. The firm's team comprises experienced web3 veterans from renowned entities such as Binance Labs, Binance NFT, Bitmain, Huobi Listing teams, and Consensys. With a focus on fund of fund investments, direct investments in early-stage projects, and liquid projects, LBank Labs aims to explore diverse opportunities and drive innovation in the blockchain industry.ContactLBank [email protected]

Road Town, British Virgin Islands, June 26th, 2023, ChainwireLBank Labs, the independent venture capital fund of global crypto exchange LBank, has partnered with 15 blockchain clubs of renowned universities from around the globe to host a Web3-focused summer bootcamp. Participating students will receive a bootstrap fund of $10,000 and access to Labs’ extensive network.Led by LBank Labs, the Global Universities Summer Bootcamp will host students interested in Web3 from around the world. The collaboration will involve the blockchain clubs of esteemed institutions such as Stanford University, University of California, Berkeley, Columbia University, University of Pennsylvania, University of Southern California, University of Washington, Hong Kong University of Science and Technology, Paris Blockchain Business School, and Tec de Monterrey.Under the guidance of mentors hailing from top cryptocurrency funds such as BAI Capital, Hashed, and Hashkey Investments, the summer bootcamp will provide an immersive and comprehensive learning experience in the blockchain field. Participants will have the opportunity to acquire valuable knowledge and skills while fostering connections within the industry. Students will also engage in various daily activities including surfing classes, hiking, and sampling local cuisine.To further incentivize participants, outstanding individuals will receive startup capital of $10,000. Moreover, they will gain access to Labs’ vast network that includes 10+ global crypto funds, where the venture fund is a Limited Partner. These resources are aimed at nurturing and inspiring the next generation of blockchain innovators, equipping them with the tools needed for success.Interested students and alumni of the participating schools who wish to apply for the summer bootcamp can do so via the official website. The submission deadline is set for July 15.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:lTelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Road Town, British Virgin Islands, June 22nd, 2023, ChainwireLBank Labs, a renowned venture fund specializing in blockchain and cryptocurrency investments, is thrilled to announce its recent investment in Furion, a groundbreaking non-custodial and permissionless NFT utility platform. Furion addresses a significant challenge in the NFT ecosystem, where non-fungible tokens often suffer from low utilization and limited liquidity. Furion enables the fractionalization of NFTs into corresponding ERC20 tokens. These tokens can be freely traded and farmed on the Furion platform, opening up a world of financial possibilities such as borrowing, lending, and long and short positions.Other technical strengths of Furion's platform include the transformation of NFTs into fungible tokens through smart contracts. This enables collateralized lending between NFTs and mainstream ERC-20 tokens, leveraging peer-to-pool (P2P) operations and calculation logic. By adopting this approach, Furion significantly increases the capital utilization rate of collateral while reducing the risk exposure for lenders through the spread of collateral volatility.Additionally, Furion's integration of an automated market maker (AMM) trading pool enhances liquidation efficiency, ensuring smooth and efficient trading experiences for users. Moreover, the platform enables short selling of NFTs, allowing users to borrow NFT assets by staking stablecoins, selling them at the current market price, and repurchasing them at a lower price to close their positions and make a profit if the NFT asset price falls.The investment of crypto exchange LBank’s venture fund in Furion comes at a time when the NFT market is undergoing rapid growth, with various NFT projects emerging. Recognizing the long-term potential and swift adoption of NFTs, LBank Labs is committed to supporting innovative solutions that contribute to the growth and maturation of the NFT market economy and infrastructure.With $100 million in assets under management, LBank Labs brings financial resources and a global network to Furion. In return, Furion will provide value to Labs, leveraging their expertise and strategic insights for mutual growth. “The dynamic and passionate team of Furion brings a wealth of experience and research in the NFT finance domain. Through our interactions with the Furion project team, we gained a deep understanding of the homogenized fragment NFT Pool solution, and how it sparks new possibilities in the NFT market”, said Wilson, Investment Asian Lead at LBank Labs.Furion aligns seamlessly with Labs' distinct investing thesis, the "Platform, Standard, Ecosystem" proposition. This novel strategy breaks away from the conventional divisions in the blockchain industry, transcending the traditional views of technology-centric paradigms or sector-based categorizations. Furion's NFT platform, characterized by its point-to-pool mortgage lending model and token fragmentation, perfectly embodies the platform aspect of Labs' thesis. Additionally, Furion has the potential to become an industry standard, fulfilling the fundamental component of Labs' investment proposition. Finally, Furion's robust ecosystem of companies, developers, and engaged user communities exemplifies the ecosystem element that Labs seeks in its investments. On the ecosystem level, Furion has already established a healthy ecosystem, including associated companies, developers, and user communities. Furion actively engages with the global NFT community and promptly adjusts its products based on valuable feedback from the community. With its unique positioning in the NFT financialization space, Furion emerges as an ideal investment for Labs, aligning with their visionary investment approach and defying traditional categorizations within the blockchain industry.The venture fund also aims to strengthen its commitment by building a comprehensive network of Fund of Funds to enhance portfolio performance and diversification. LBank Labs operates in seven global regions, fostering collaboration and innovation across borders.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.Community & Social Media:lTelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Road Island, British Virgin Islands, June 21st, 2023, ChainwireLBank, a leading global crypto exchange, is proud to announce its partnership as a co-creation partner for Seoul Meta Week 2023. The conference will take place from June 26 to 30 at the elegant COEX Auditorium in the heart of Seoul.LBank teams up with industry giants such as Tencent, Google Cloud, Roblox, Polygon, OKX, The Sandbox, and governmental organizations including Korea's Ministry of Science and ICT, the Ministry of Trade, Industry and Energy, the Seoul Metropolitan Government, and the Seoul Tourism Organization, as co-creation partners for this week-long festival.Seoul Meta Week 2023 brings together distinguished industry leaders, experts, and enthusiasts to explore the latest trends and advancements in blockchain technology. The conference features a diverse range of programs designed to inspire, educate, and connect participants. Attendees will have the opportunity to engage in enlightening conferences where renowned speakers exchange insights, explore captivating exhibitions by both local and international firms, participate in expert workshops, and enjoy networking opportunities with top industry players.As a co-creation partner, LBank is excited to contribute its expertise and support to drive innovation and foster the growth of the Web3 and blockchain ecosystem. LBank's participation underscores its commitment to promoting technological advancements and facilitating the widespread adoption of digital assets. Through its presence at Seoul Meta Week 2023, LBank aims to foster collaboration, inspire industry players, and showcase the transformative potential of blockchain technology."We are delighted to support Seoul Meta Week 2023 as a co-creation partner," said Eric He, Chairman of LBank. "This partnership exemplifies our dedication to shaping the future of the Web3 industry and fostering a vibrant ecosystem. We look forward to engaging with industry leaders, sharing insights, and contributing to the success of this remarkable event."Seoul Meta Week 2023 will take place within the COEX Convention & Exhibition Center, located in the Samseong-dong ward of Seoul’s Gangnam-gu district. The event is set to attract a diverse range of participants, including entrepreneurs, investors, Web3 developers, and crypto enthusiasts from around the globe. By providing a platform for networking, knowledge sharing, and collaboration, Seoul Meta Week 2023 aims to inspire innovative solutions to global challenges with this new breed of technology.LBank Labs, LBank’s venture capitalist arm and blockchain accelerator, is also set to partner up with the Seoul Metropolitan Government in late July to sponsor the Seoul Web 3.0 Festival to drive blockchain innovation in the country.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now:lbank.comCommunity & Social Media:lTelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Road Town, British Virgin Islands, June 16th, 2023, ChainwireLeading Web3 venture fund LBank Labs is excited to announce its partnership with the prestigious Seoul Web 3.0 Festival, hosted by the Seoul Metropolitan Government, the Seoul Design Foundation and Baobab Partners.The Seoul Web 3.0 Festival serves as a pivotal platform for industry leaders, innovators, and policymakers to explore the revolutionary potential of Web 3.0 and how the technology can be used for public services. LBank Labs is proud to contribute to this vital conversation by being the main partner of the festival and showcasing the cutting-edge projects it supports.The festival will take place from July 31 to August 2 at the iconic Dongdaemun Design Plaza, renowned for its neofuturistic architecture. During the three-day event, representatives of mainstream blockchain projects in South Korea will be invited to discuss hot topics such as DeFi, NFTs, and Metaverse with the Seoul Municipal Government. The hosting of the Seoul Web3 Festival marks a new stage in the Korean blockchain ecosystem.The event boasts an impressive lineup of attendees, including public figures such as Seoul Mayor Oh Se-hoon and prominent Korean policymakers. LBank Labs eagerly anticipates the opportunity to further engage with these esteemed guests, exchange ideas, and collaborate on future-focused initiatives that promote the widespread adoption of blockchain technology.As the main sponsor and partner, LBank Labs will host an interactive party where visitors can engage with experts, explore innovative solutions, and learn more about the transformative power of blockchain technology. Additionally, LBank Labs will deliver insightful presentations and contribute to panel discussions, sharing valuable expertise and insights into the potential of Web 3.0.LBank Labs' involvement at the Seoul Web 3.0 Festival underscores its commitment to fostering innovation and driving the adoption of blockchain technology. By partnering with the Seoul Metropolitan Government, LBank Labs aims to contribute to the growth of the blockchain ecosystem in South Korea and beyond.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:lTelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Road Town, British Virgin Islands, June 15th, 2023, ChainwireLBank Labs, the leading venture fund, has disclosed details of its investment in SevenX Ventures, a research-driven venture capital firm in Web3. The two funds aim to provide comprehensive support for blockchain projects and entrepreneurs worldwide, fueling innovation and fostering global collaboration in Web3.With $100 million assets under management (AUM), LBank Labs has a strong track record of nurturing startups and helping them thrive. The venture capitalist arm of LBank, the global cryptocurrency exchange, LBank Labs is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. In addition to direct investments, the fund aims to build a robust network by investing in top global funds, providing financial and resource value-add support to portfolios within the network.Czhang Lin, IC board member of Labs, has personally contributed as a limited partner (LP) to NGC, Blockchain Founders Fund, and Lemniscap. Eric He, Co-Founder of LBank, has been an LP to SevenX Ventures fund I, II, III and FOF from the very beginning, as well as IOSG Ventures.SevenX Ventures, headed by seasoned veterans with an average industry experience of six years, manages three main funds and a Fund of Funds (FOF), totaling approximately $300 million AUM.“SevenX is dedicated to helping our portfolio and partners build a trustless network to make the value of organizations and individuals come true in crypto and Web3,” explained Jon, Founding Partner at SevenX Ventures.SevenX Ventures has already weathered three bull and bear cycles, with a portfolio of nearly 100 projects spanning infrastructure, middleware, DeFi, gaming, and social applications. Notable portfolio companies include Near, Arweave, Zerion, YGG, Mask Network, AI Arena, Space and Time, CyberConnect, Debank, and DODO. Furthermore, SevenX Ventures plays a pivotal role in bridging infrastructures and decentralized applications (dapps) between Western and Eastern markets, making the fund an indispensable partner in Asia.LBank Labs has brought extensive financial resources and a vast global network to SevenX Ventures over the years, while SevenX Ventures has reciprocated by contributing significant value and knowledge to LBank Labs. As part of their commitment, LBank Labs aims to build a comprehensive network of Fund of Funds, enhancing portfolio performance and diversification while emphasizing the inherent value of their ecosystem network. With Labs' presence in seven global regions, they are a powerhouse for fostering collaboration and innovation cross-borders.In addition to its partnership with SevenX Ventures, LBank Labs has recently announced investments in Sparkle Ventures and Collab+Currency, two notable venture funds dedicated to supporting and nurturing projects in the Web3 ecosystem.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:TelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Road Town, British Virgin Islands, June 12th, 2023, ChainwireLBank Labs, the leading venture fund of global crypto exchange LBank, is thrilled to announce the addition of Howard Yuan to its team. Yuan brings a wealth of experience and expertise in the crypto industry, making him a valuable asset to the organization.With a background as a crypto OG and extensive experience as a venture capitalist, Yuan has played a pivotal role in the success of numerous projects throughout his career. Prior to joining LBank Labs, Yuan served as the managing partner for Fundamental Labs, and also held significant management positions at prestigious companies such as IBM and E&Y. Yuan’s long-term optimistic outlook on the crypto industry has consistently guided his decision-making and investments.During his tenure at Fundamental Labs, Howard Yuan made strategic investments in prominent projects such as Coinbase (Coin), Binance (BNB), Polkadot (DOT), Avalanche (AVAX), Conflux (CFX), Stacks (STX), Certik (CTK), NEAR, Mask, and RSS3.In Yuan's new role as Venture Partner at LBank Labs, Yuan will leverage his extensive experience and expertise to propel the fund to new heights. Yuan aims to position LBank Labs as the leading global VC fund for blockchain and decentralized finance, facilitating the growth of innovative startups and contributing to the development of a prosperous Web3 future.While acknowledging the inherent volatility of crypto markets, Yuan is confident in the underlying order and innovation within the industry. “I will work closely with the LBank Labs team to identify and support the most talented entrepreneurs, overcoming challenges and building a thriving ecosystem,” Yuan said. When asked about the most remarkable trends he has witnessed in the industry, he highlighted the exciting mass adoption, maturing infrastructure, and emergence of new protocols. “Despite the current bearish sentiment in the crypto market, I believe that this is an opportune time to help early-stage Web3 startups navigate the bear cycle and achieve success,” he explained.LBank Labs is delighted to welcome Howard Yuan to the team and is excited to harness his insights and knowledge. With Yuan's addition, LBank Labs reinforces its global commitment to nurturing and empowering the next generation of blockchain and cryptocurrency startups.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:TelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Crypto.com announced that it would shut down its institutional exchange services customers in the United States in less than two weeks. On Friday, Singapore-based crypto exchange Crypto.com announced that it would suspend its institutional exchange service for US customers. In a statement provided to media publication Blockworks, the exchange explained that demand is drying up due to the current market conditions in the US. Although it did not specifically reference the lawsuits against Binance and Coinbase, it was undoubtedly the overriding factor in the exchange’s decision. In a statement, Crypto.com said: We recently made a business decision to suspend the institutional offering of the Crypto.com Exchange in the U.S. as of 11:59 pm EDT June 21, 2023, due to “limited demand” from institutions in the U.S. in the “current market landscape.” Impacted institutional users were given advance notice to support a smooth transition. The exchange explained that the closure of the US services would not affect its retail trading app, including its crypto derivative product, UpDown Options, regulated by the Commodity Futures Trading Commission (CFTC). The company further said it could reopen the platform in the future but did not provide more details. Crypto.com Receives Major Payment Institution Licence in Singapore The exchange started the month out well after receiving a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). Securing this license means the exchange can offer DPT services to Singaporean customers. Crypto.com Arena Not Affected After the exchange announced shuttering its institutional services for US customers, speculation arose that it might affect the naming rights for Crypto.com Arena. The exchange entered into a naming rights agreement with AEG, the owner and operator of the arena formerly known as the Staples Center, in 2021, Forbes reports. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Road Town, British Virgin Islands, June 8th, 2023, ChainwireLBank Labs, the leading blockchain venture fund, has announced an investment in Collab+Currency, a crypto-focused venture fund backing early-stage startups building the next generation of culture and consumer technology. The strategic investment aims to foster innovation and support the growth of highly-scalable Web3 infrastructure on a global scale.Collab+Currency is focused on identifying early opportunities in Web3, primarily investing in pre-seed and seed rounds. Its team has backed some of the most influential Web3 consumer projects in the world including Art Blocks, Blur, SuperRare, and Sky Mavis. During the past five years, the firm has backed around 100 projects working in nearly every vertical within crypto, including infrastructure, base-layer blockchains, service providers and NFTs. The majority of the firm's investments revolve around a thesis that consumer applications will be the biggest winners in Web3.By investing in Collab+Currency, LBank Labs aims to not only support a promising startup, but contribute to the advancement of consumer-focused technology and applications as a whole. This aligns with Labs’ mandate to identify like-minded startups who are passionate about shaping the future of consumer technology.With $100 million assets under management, LBank Labs brings extensive financial resources and a vast global network to Collab+Currency. In turn, Collab+Currency will reciprocate by contributing significant value to LBank Labs, leveraging their expertise, strategic insights, and innovative approach to fuel mutual growth and success.The venture fund also aims to forge its commitment by building a comprehensive network of Fund of Funds, designed to enhance the performance and diversification of its portfolios while emphasising the inherent value of its ecosystem network. Labs’ presence in seven global regions, including San Francisco, Dubai, Paris, Denver, Singapore, Mexico, and Shanghai, positions them as a powerhouse for fostering collaboration and innovation across borders.LBank Labs, whose investment strategy is protocol and exchange-agnostic, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million assets under management (AUM), the venture capital arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive.Besides direct investments in projects, the LBank Labs team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now: lbank.comCommunity & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Road Town, British Virgin Islands, June 1st, 2023, ChainwireLBank Labs, a leading blockchain venture fund, is pleased to announce an investment in Sparkle Ventures, a prominent fund manager based in Luxembourg. The strategic investment aims to foster innovation and support the growth of highly-scalable Web3 infrastructures on a global scale.LBank Labs, known for its protocol and exchange-agnostic approach, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million in assets under management (AUM), the venture capitalist arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive. Besides direct investments, the team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add. Czhang Lin, IC board member of Labs, is also personally LP to NGC, Blockchain Founders Fund and Lemniscap, while Eric He, Co-Founder of LBank is LP to SevenX Ventures fund I, II and FOF, and IOSG Ventures.Sparkle Ventures, acting as the strategic fund manager in conjunction with Animoca Brands, has gained recognition for its investments in cutting-edge technologies, supporting early-stage Web3 infrastructure enablers globally. Among the General Partners of Sparkle Ventures are industry veterans like Sebastien Borget, Co-Founder and COO of The Sandbox, Yat Siu, Founder and Chairman of Animoca Brands, Julien Pageaud, former head of strategic investments and tech lead at Nomura Digital, and Thibaut Chessé, former head of tech adoption for the Tezos blockchain protocol.Notable projects backed by Sparkle Ventures include institutional-grade DeFi SaaS platform Kiln.fi, data analytics software AbsoluteLabs.io, and ZKP systems Polyhedra.network and OAS.gg. Their co-investors include market giants such as Accel, BinanceLabs, Coinbase, Consensys, Matrix Partners, Polychain, and Sequoia.By investing in Sparkle Ventures, LBank Labs aims to leverage their combined expertise, networks, and resources to drive innovation in NFT, gaming and metaverse infra to advance the creation of highly scalable businesses and technologies that will shape the future of Web3."We are thrilled to invest in Sparkle Ventures to support our shared mission to accelerate the growth of transformative technologies in the Web3 space," said Jiayu Gao, Head of FOF investment at LBank Labs. "We believe this investment will empower entrepreneurs and developers to bring their ideas to life, pushing the boundaries of what is possible in the realm of Web3,” she added.With $100 million assets under management, LBank Labs brings extensive financial resources and a vast global network to Sparke Ventures. In turn, Sparkle Ventures will reciprocate by contributing significant value to LBank Labs, leveraging their expertise, strategic insights, and innovative approach to fuel mutual growth and success.The venture fund also aims to forge its commitment by building a comprehensive network of Fund of Funds, designed to enhance the performance and diversification of its portfolios while emphasizing the inherent value of its ecosystem network. Labs’ presence in seven global regions, including San Francisco, Dubai, and Shanghai, positions them as a powerhouse for fostering collaboration and innovation across borders.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now:lbank.comCommunity & Social Media:TelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

The company, which is U.S.-qualified through its entity Aegis Trust, is offering six months of free end-to-end custody services for women-led projects to help boost gender parity in crypto.