Li Lin, founder of Huobi, is collaborating with Shen Bo, co-founder of Fenbushi Capital, Xiao Feng, CEO of HashKey, and Cai Wensheng, founder of Meitu, to establish a new digital asset trust fund. The fund aims to accumulate approximately $1 billion in Ethereum (ETH). The team is in discussions to acquire a Nasdaq-listed shell company to facilitate the fund's structure. Funding includes $200 million from Li Lin's Avenir investment firm and about $500 million from Asian institutions such as Sequoia China.
Li Lin and Asian Ethereum Pioneers Plan $1 Billion Digital Asset Trust Fund
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