# Enterprise Singapore-Backed Accelerator Launches $15M Blockchain Fund

By Coinness

Canonical URL: https://www.tokenpost.com/news/business/6507
Published: 2021-02-08T09:29:03.000Z
Updated: 2021-02-08T09:34:54.000Z
Section: Business

> LongHash Ventures, the Singapore-based Web 3.0 blockchain accelerator and investor, has launched a US$15 million blockchain fund.

LongHash Ventures, the Singapore-based Web 3.0 blockchain accelerator and investor, has launched a US$15 million blockchain fund.

The new fund will be used to invest in tokens and early-stage blockchain companies, focusing on Web 3.0 infrastructure components and decentralized finance (DeFi). DeFi refers to a suite of financial applications and services that are built on top of open source smart contracts.