Singapore State-Owned Fund Backed Coinbase’s $300 Million Raise: Report

2019-2-28 15:01

GIC Private Limited, a Singapore government-owned wealth fund, backed Coinbase’s major funding round last year, say Bloomberg sources.

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singapore coinbase backed fund round major funding

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Singapore Sovereign Wealth Fund Invests in Cryptocurrency Exchange – Report

US cryptocurrency exchange Coinbase received the majority of its $300 million 2018 funding round from a fund owned by the Singapore government, anonymous sources have revealed. GIC Private Surprise Funding Round Participant Speaking to Bloomberg, people “familiar” with the details of the fundraising deal said that GIC Private Limited (formerly Government of Singapore Investment Corporation), invested in the company.

2019-2-28 14:00