Thailand-based power producer Gulf Energy Development, through its subsidiary Gulf International Investment (Hong Kong) Limited, has invested $10 million in Binance Labs Investment Fund, according to a filing with the Stock Exchange of Thailand (SET).
Binance Labs Investment Fund — run by Binance Labs, the venture capital arm of the global cryptocurrency exchange Binance — had mopped up $500 million to invest in Web 3, and blockchain startups this week.
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