Hillstone Finance Aiming to Create Metaverse-NFT Fund
This article is a translation of an article published on 16 Dec, 2021 by a Korean blockchain media Blockchain Valley.
On Dec 14th, the decentralized asset liquidity platform Hillstone Finance claimed to have raised a total of 2 million dollars investment from Chinese institutions.
Many famous Chinese institutions, including MEXC, HONGLIAN CAPITAL, K11 Labs, Skywalker Capital, and Primeblock Ventures, have participated in this investment. The investment will be used for Hillstone V2 Venture Investment and V3 Metaverse development. International institutions from the U.S. and Europe are also showing interests to join as investors. Total investment raised so far reaches up to 6 million dollars.
Hillstone Finance is a smart contract based asset liquidity platform which provides collaterals and loans for financial products and real assets in the Metaverse world. Unlike traditional assets which take more than 3 years to liquidate, digital assets in Hillstone Finance allows for instant liquidation of investment. Hillstone also includes virtual assets as one of the investment target, leading an unprecedented investment paradigm.
Rayol Hwang, the CEO of Hillstone Partners, emphasizes the need to innovate the current fund model in order to catch up with the digital trend happening in many areas. “The investment profit in real market and that in virtual market such as Metaverse and NFT is incomparable” says Rayol. “There were many failed attempts from crypto funds to invest in real assets using cryptocurrencies. Hillstone uses T2T (token to token) method to overcome the exclusivity of private funds and uses DAO to overcome the current limitations of finance. Our goal is to become the world’s best Metaverse asset management firm with innovative paradigm expanding the realm of investment assets.
Source: http://www.fintechpost.co.kr/news/articleView.html?idxno=150488#0AXD
More information about Hillstone Finance:
Official Website: https://www.hillstone.finance/
Gitbook: https://hillstone.gitbook.io/hillstone-finance/
Telegram: https://t.me/HillstoneFinanceGlob
Twitter: https://twitter.com/hillstonefin
