Ant Group Withdraws $100m Investment in A&T Capital’s Digital Asset Strategy!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 18, 2023 16:01

Ant Group, the Chinese fintech giant, is all set to pull out of a $100 million investment in A&T Capital, a vehicle that was central to its digital asset strategy. A&T was set up to invest in offshore cryptocurrency projects by former Ant executive Yu Jun, who resigned earlier this year. The move comes as China continues its crackdown on digital currencies, leading to increased uncertainty in the market.