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

Source and More information: Hong KongBased Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Author: CryptScout.com