• Billionaire Alan Howard’s crypto incubator WebN closes down WebN backed innovative digital asset firms like KAIO, Twinstake, TruFin and Geometry • What to know: WebN received an investment from Japanese bank Nomura’s crypto partnership, Laser Digital, back in 2023 • Hedge fund Brevan Howard remains bullish on crypto, according to a person close to the firm • WebN Group, the blockchain and Web3 incubator backed by billionaire Alan Howard, is closing its doors after seeding a clutch of digital infrastructure startups over the past several years, according to a person familiar with the matter • Most recently, the venture studio backed tokenization specialistLibre(now called KAIO), crypto staking shop Twinstake, blockchain infrastructure firm TruFin and zero-knowledge proofs startupGeometry • In addition to Howard, WebN also received anundisclosed investmentfrom Japanese bank Nomura’s crypto partnership, Laser Digital, back in 2023

Article Summaries:

  • Billionaire Alan Howard’s crypto incubator WebN closes down WebN backed innovative digital asset firms like KAIO, Twinstake, TruFin and Geometry. What to know: - WebN received an investment from Japanese bank Nomura’s crypto partnership, Laser Digital, back in 2023. - Hedge fund Brevan Howard remains bullish on crypto, according to a person close to the firm. WebN Group, the blockchain and Web3 incubator backed by billionaire Alan Howard, is closing its doors after seeding a clutch of digital infrastructure startups over the past several years, according to a person familiar with the matter. M

Sources: