According to Bloomberg, Singapore’s government welfare fund, GIC Private Limited, has invested $ 300 million in the Coinbase cryptobirth, as part of a funding round last year.
It is worth noting that, in addition to this fund, other investors took part in the financing round, however, the participation of GIC Private Limited was kept secret for many months. The funds raised then allowed the Coinbase market valuation to be raised to $ 8 billion.
After the completion of the round of financing, the head of the exchange noted that these funds would be directed to powerful expansion, the development of new applications and measures that would attract institutional investors to the cryptoindustry.
