As global cryptocurrency trading volumes pick up after last year's precipitous fall, tech investors are redoubling their bets on the sector。

Singapore-based Whampoa Group, a joint family office that invests in global technology companies, will launch a $100 million venture fund by the end of this year, according to people familiar with the matter.。It follows news that the venture fund may invest in a Series A round of funding for Web3 and digital assets, which will kick off in the fourth quarter of 2022.。

Whampoa Digital, the group's digital asset investment arm, did not comment on the issue at this time.。

Meanwhile, Credit Saison's venture capital arm, Saison Capital, is also doubling down on blockchain and cryptocurrency, with the company having allocated $100 million for venture capital in areas such as Web2 and Web3.。So far, 42 transactions have been completed in the blockchain space.。

"We are expanding the fund's fund mandate and are also considering investing in a number of new cryptocurrency-focused funds."。We are not only an early-stage venture capital firm, but also an investment fund.。Qin En Looi, head of Saison Capital, said: "We want to expand the fund's portfolio from Web2 to Web3.。

The investment firm said that the average amount of its hand checks is between $200,000 and $500,000, and that follow-up support is provided throughout the development of the investment firm.。

The companies it has invested in include Helix, a crypto lending platform, Krayon, a multi-party computing protection wallet, and Avium, a Web3 gaming company.。

Despite the uncertain macro environment and regulatory hurdles, especially in areas such as cryptocurrencies and blockchain, Looi seems very optimistic, noting that "tourist" investors are gone and only serious long-term investors will stay.。

"Currently, many investors are looking for investment opportunities that can combine blockchain cryptocurrencies with traditional financial services, and market volatility has not dampened the enthusiasm of serious investors.。Looi said.。"In a tough market environment, the size of the deal is small, but the quality is high.。Market noise levels have declined, but investors remain active。Now that the U.S. sees the challenges facing the industry, we expect to act as a bridge to bring U.S. companies to Southeast Asia.。"

On the other hand, Looi said: "Early-stage Web3 startups are delaying token offerings because the current macro situation is still very serious.。Traditionally, the issuance of tokens provides an additional source of funding, which means that start-ups must redesign their operations and find ways to survive longer before the market improves.。