Hong KongBased Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Hong KongBased Blockchain Fund Makes Its Case for Yen-Backed Stablecoin
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n nn nn Grandshores Technology Group, a Hong Konglisted investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post SCMP. Grandshores Technology plans to use the funding to launch a yen-backed stablecoin.Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores Fund, which is backed by the local governmen