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CNHC - Extended Series A
Overview
Funding Date
March 15, 2023
Financing amount
$10M
Valuation
--
Catagory
Subcategory
About CNHC - Extended Series A
CNHC Group has raised $10 million in an Extended Series A funding round led by KuCoin Ventures. With other investors include Circle Ventures and IDG Capital. With the fresh funding, CNHC aims to grow the adoption of its stablecoin, especially in the Asia Pacific region. To that end, the company is moving its headquarters to Hong Kong from the Cayman Islands.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Seychelles | 2017 | 48 | -- | ||
| Corporate | United States of America | 2013 | 84 | info@circle.com | ||
| Fund | China | 1993 | 27 | cooperation@idgcapital.com |
Founders & Team
Joy Cham
Company Profile / Project Introduction
CNHC (CNH Coin) is a stablecoin pegged to the CNH at a ratio of 1:1 and is bound to become the gateway from traditional finance to the blockchain world. The CNHC stablecoin was launched in 2021 for use cases including money transfers and cross-border trade settlements.