Recently, Huaxing Capital, as the only underwriter in Asia, assisted C1 Fund (CFND), the first closed-end fund focused on primary market investments in the Web3 industry, in successfully completing its listing on the New York Stock Exchange.

C1 Fund is a private investment company focused on Web3 and digital asset services, headquartered in Palo Alto, California. In this initial public offering (IPO), C1 Fund globally issued 6,000,000 shares, with an issue price set at $10 per share, raising approximately $60 million; the fund plans to invest at least 80% of its total assets in equity and equity-linked securities of companies primarily engaged in Web3 and digital asset services and technology, aiming to achieve its investment goals through a portfolio of investments in 30 top digital asset service and technology companies identified by the fund.

The core team of C1 Fund consists of industry veterans, including Michael Lempres, former Chief Legal and Policy Officer of Coinbase (Chairman), Dr. Najam Kidwai (CEO), a serial entrepreneur and seasoned leader in fintech and digital asset investment who was an early investor in Forge Global and DestinyXYZ, Michael Zhao (Vice Chairman), CEO of Klickl, and Elliot Han (Chief Investment Officer), former head of operations for Goldman Sachs in London and emerging markets, and former head of fintech and consumer technology capital markets at the New York Stock Exchange; C1 Fund leverages top industry resources and investment experience to provide exclusive investment opportunities for institutional and retail investors—focusing on equity and equity-related securities of the top 30 leading companies in the global Web3 industry, aiming for excess returns through active management.

The listing of C1 Fund marks a deep integration of traditional financial markets with the Web3 industry, efficiently linking the rapid value growth opportunities in the Web3 sector with the liquidity supply of mainstream financial markets in the U.S.; its innovative structure effectively addresses the uncertainty of exit strategies in Web3 primary market investments through the listing of LP shares.

As the only underwriter in Asia for C1 Fund's U.S. IPO, Huaxing Capital fully leveraged its advantages in cross-border capital operations, institutional investor outreach, and industry ecosystem integration, not only assisting C1 Fund in efficiently connecting with renowned investment institutions, including Rho Capital, further consolidating its market leadership, but also building a bridge between traditional capital markets and the Web3 industry with forward-looking industry insights and professional strength, helping C1 Fund break industry boundaries and successfully complete its U.S. listing. In the future, we will work closely with C1 Fund to deeply connect with key decision-makers in the Web3 industry under high compliance standards, co-creating a mutually beneficial ecosystem.

Wu Jiang, head of Huaxing Capital's U.S. stock business unit and President of Huaxing International, stated: "As a strategic partner trusted by C1 Fund, we are proud to witness and participate in this milestone moment. As the only underwriter in Asia for C1 Fund's U.S. listing, C1 Fund and Huaxing have a deep-rooted relationship. From our initial contact, both parties reached a profound value consensus on the investment philosophy of 'focusing on the top 30 digital asset leaders' and the high importance placed on compliance; during the subsequent cooperation, we further established deep mutual trust with Dr. Najam Kidwai and core team members like Michael Zhao, forming a high level of professional tacit understanding in project advancement. The strong collaboration based on strategic vision and execution capabilities has made this listing another classic case in the new economy field. As important partners on each other's growth journey, Huaxing not only provided efficient listing services for C1 Fund but also continuously delivered our market insights at a strategic level. This deep binding that goes beyond typical investment banking services stems from our shared firm belief in the Web3 track. Based on the success of this collaboration, in the future, Huaxing will establish a long-term strategic partnership with C1 Fund, continuously deepening our layout in the Web3 investment field through the linkage of primary and secondary capital markets, combining tri-fi and de-fi, and aspiring to support more outstanding entrepreneurial enterprises to create a mutually beneficial ecosystem and co-create value."

As a comprehensive financial service institution focused on the forefront of technology and empowering the new economy, Huaxing Capital has been committed to exploring the most outstanding enterprises and working hand in hand to create value since its establishment. Huaxing Capital firmly believes that effectively enhancing financial efficiency, asset liquidity, and global collaboration through digital currency provides safe and efficient financial tools for the real economy and industrial development, which has long-term potential and meets the needs of the times. Since announcing its entry into the Web3 and digital asset field in June this year, Huaxing Capital has continued its innovative gene, conducting comprehensive in-depth layouts in infrastructure, personnel allocation, and business levels, and actively promoting business progress. This time, as the only underwriter in Asia assisting C1 Fund's U.S. listing, is a landmark case of Huaxing fully embracing the Web3 world in the "2.0 era"; it not only showcases Huaxing's deep accumulation and influential ecosystem in the Web3 field but also lays a solid foundation for further exploring the Web3 era and leading financial innovation in the new era. In the future, Huaxing will continue to deepen its focus on areas represented by Web3 and digital currency based on its own advantages, actively striving to become a bridge connecting the Web2 and Web3 worlds, and build a flagship comprehensive financial institution for the Web3.0 era.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。