Singapore’s UOB and Signum Capital said to launch $50m blockchain fund

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Singapore-listed lender United Overseas Bank (UOB) and local venture firm Signum Capital have teamed up to launch a $50-million blockchain fund, according to several people close to the development.

The fund will be a co-general partner (GP) vehicle between both firms and is understood to have already hit its first close comprising over 50% of the $50-million target corpus. The fund is on track to hit its final close by the end of this year, according to one of the people mentioned above.

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