Grandshores Technology Group, a Hong Kong-listed real estate company that recently switched to blockchain investment, is seeking to raise the equivalent of about $12.7 million through a digital token fund and use the money to launch a yen-backed stablecoin, according to the South China Morning Post.
Grandshores Technology changed its name from SHIS and shifted its focus to blockchain following its acquisition in May by a company run by Yongjie Yao. The latter is also a founding partner of the Hangzhou Grandshores Fund, which has backing from ...
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