ChainCatcher News, Japan's Sumitomo Mitsui Financial Group (SMFG) announced a strategic investment in Hashed Venture's blockchain fund, Hashed Venture Fund III, through its securities subsidiary, SMBC Nikko Securities. The specific investment amount has not been disclosed.It is reported that this investment may promote broader cooperation between Japan's traditional finance and the Web3 industry. There are reports that SMBC Nikko's innovation lab, Nikko Open Innovation Lab (NOIL), is advancing a project called "Proof of Japan," which aims to utilize NFT technology to digitize Japanese cultural assets.

ChainCatcher news, Web3 venture capital firm Hashed Ventures announced that starting from its fourth fund, it will be fully establishing funds overseas and plans to set up a large office in Abu Dhabi, UAE, with core team members including the CFO and CPO relocating to Abu Dhabi for work.Hashed's move aims to escape the restrictions of the Korean Venture Capital Act on domestic investment ratios to enhance global investment freedom. It is reported that over 80% of the company's assets are currently invested overseas, and more than half of the funds for the third fund being established also come from international capital.Founded in 2017, Hashed focuses on virtual assets and equity investments. This strategic adjustment will further strengthen its project discovery and investment capabilities globally.