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FinChain Secures Millions in Funding, Partners with Major Institutions in Crypto Finance

The Web3 brand, incubated by Fosun Wealth, officially launches with significant backing from investors like the Solana Foundation, Animoca Brands, and others.

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Summary

FinChain, a Web3 brand incubated by Fosun Wealth, officially launched in Hong Kong with multi-million dollar funding. Strategic investors include the Solana Foundation, Vaulta Foundation, Sonic Labs, Animoca Brands, Unified Ventures, and Tengyun Capital. Fosun Wealth, a subsidiary of Fosun International, is driving the venture forward in crypto finance.

Terms & Concepts
  • Web3: A decentralized internet powered by blockchain technology, focusing on user ownership and control over data and digital assets.
  • Solana Foundation: The nonprofit organization behind the Solana blockchain, focused on supporting the growth of the ecosystem and decentralizing the web.
  • Crypto finance: The sector involving financial services and products built using blockchain technology, including cryptocurrency trading, lending, and decentralized finance (DeFi).