Web3 and blockchain-focused investment fund ABCDE is halting new investments, but the $400 million fund remains committed to supporting its existing projects.

In an April 19 X data-ct-non-breakable=”null” href=”https://x.com/DujunX/status/1913473288686456928″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/DujunX/status/1913473288686456928″>post, ABCDE co-founder and Huobi exchange founder Du Jun said the $400 million fund will no longer invest in new projects or raise capital for the second phase of the fund.

However, Jun said the fund will continue to “post-investment support and exit arrangements of existing projects” to ensure the firm’s commitment to entrepreneurs and liquidity providers (LPs).

“My…

Web3 and blockchain-focused investment fund ABCDE is halting new investments, but the $400 million fund remains committed to supporting its existing projects.

In an April 19 X data-ct-non-breakable=”null” href=”https://x.com/DujunX/status/1913473288686456928″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/DujunX/status/1913473288686456928″>post, ABCDE co-founder and Huobi exchange founder Du Jun said the $400 million fund will no longer invest in new projects or raise capital for the second phase of the fund.

However, Jun said the fund will continue to “post-investment support and exit arrangements of existing projects” to ensure the firm’s commitment to entrepreneurs and liquidity providers (LPs).

“My…