Singapore's Golden Equator Targets "Web3" Space

Editorial Staff

16 July 2023

Singapore-based has partnered with Cordell Broadus, the investor and thought leader in the “Web3” space.

Broadus is also known for his Bored Ape non-fungible token Champ Medici. Broadus and Golden Equator will be setting up a Web3 fund, which will only be open to accredited investors.

he term “Web3” refers to a new form of the World Wide Web, covering concepts such as decentralisation, blockchain technologies, and token-based economics. Named Welcome To The Block, the new fund is aiming to raise $40 to 50 million to invest in early-stage, innovative and unique businesses in the blockchain and Web3 space that are scalable, financially viable, and have high growth potential under strong founding teams, Golden Equator said.

The fund’s main investment areas will be centralised finance, decentralised finance, and Web3 infrastructure. “We have been leveraging our businesses to build enabling ecosystems in the areas of entrepreneurship, tech and innovation and family office, and now we’re doing so with Web3,” Shirley Crystal Chua, founder and group CEO of Golden Equator, said. “The new technologies and innovations based on Web3 have the potential to offer society a financial world which is more inclusive, equitable and accountable – increasing efficiency, liquidity and, more importantly, better support young people."

The WTTB Fund will invest in three ways: Venture-style equity investments into Web3 businesses; investing in pre-listing tokens of Web3 projects and investing in listed tokens with high liquidity.

The fund will also tap into the networks of prominent figures and thought leaders in the Web3 space including Shiv Jain, Amador Nazarov, Russell Simmons and Snoop Dogg, who is Cordell’s father.

Shirley Crystal Chua (Left) hosting a fireside chat with Cordell Broadus (on screen waving to the audience) who dialled in from Los Angeles.