spin-off

According to informed sources, the investment institution HSG (formerly Sequoia China) is in preliminary discussions with investors to raise at least $1.2 billion for its first dollar fund after the spin-off, primarily investing in AI, healthcare, and consumer sectors.HSG is also considering establishing a growth fund and a renminbi fund, with specific scale and timing yet to be determined. As of January 2025, HSG manages approximately $55 billion in assets and has invested in over 1,700 companies, of which at least 180 portfolio companies have gone public.

According to market news, Franklin Templeton has agreed to acquire CoinFund's spin-off company as part of its digital asset expansion and is launching new crypto strategies aimed at institutional investors.

Trump Media & Technology Group has stated that it is considering spinning off its flagship social media platform, Truth Social, into a publicly traded company, a move that may prioritize its ambitions in the cryptocurrency space.The company announced on Friday that it is in discussions with energy fusion startup TAE Technologies and Texas Ventures Acquisition III regarding a potential deal that would control the Truth social media platform. This discussion builds on the merger agreement reached between Trump Media and TAE Technologies last December, which was valued at over $6 billion.Once the merger is completed, Truth Social may be spun off into a new publicly traded company called SpinCo, which would then merge with Texas Ventures III. Shares of SpinCo would also be distributed to shareholders of Trump Media. Trump Media & Technology Group is entering the cryptocurrency space in 2025, launching a fintech brand, Truth.Fi, to support its cryptocurrency products and services, and has also established a Bitcoin treasury in late September, holding over 11,500 Bitcoins.

According to Globenewswire, Trump Media Technology Group (TMTG) announced ongoing discussions with TAE Technologies and Texas Ventures Acquisition III Corp. regarding a potential transaction.Under the proposed plan, after the previously announced merger transaction between Trump Media Technology Group and TAE is completed, some businesses, including Truth Social, may be spun off into a new publicly traded company. After the transaction is completed, TAE's related businesses and some existing businesses and assets of Trump Media Technology Group will remain within the current publicly traded company entity.

ChainCatcher news, according to market news, Faraday Future founder and global co-CEO Jia Yueting released a performance update, disclosing that the company has officially launched the spin-off plan for the cryptocurrency flywheel and will expedite the establishment of a second independent publicly listed Web3 company "CXC10," initially targeted to be controlled by Faraday Future. This spin-off plan has been approved by the board of directors.In addition, Faraday Future also disclosed that its crypto treasury C10 Treasury has currently completed an allocation of approximately $10 million in crypto assets.

ChainCatcher news, according to Bloomberg, Goldman Sachs is in talks with potential partners to spin off its digital asset platform into a new company, allowing large financial firms to create, trade, and settle financial instruments through blockchain technology.Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, stated in an interview that the bank is negotiating with several market participants regarding this plan while continuing to expand the platform's capabilities and develop new business use cases. McDermott mentioned that the plans for the new company are still in the early stages, but the long-term goal is to complete the spin-off within the next 12 to 18 months, pending regulatory approval.Additionally, McDermott indicated that Goldman Sachs is seeking to provide secondary market trading facilitation for private digital asset companies for its clients. He said this could make it easier for family offices and other liquidity-seeking clients to access funding while allowing buyers to benefit from discounts in the private market. He added that the bank is also looking to resume its Bitcoin-backed lending activities.

ChainCatcher news, The ETF Store President Nate Geraci posted on the X platform that once the Grayscale Bitcoin Mini Trust completes its separation from Grayscale GBTC, it will immediately become the sixth largest spot Bitcoin ETF by asset size, and the fee rate is the cheapest at only 15 bps, attracting liquidity worth noting.

ChainCatcher news, GnosisDAO approves the spin-off of Karpatkey into an independent entity. Karpatkey has been part of GnosisDAO since 2021.After the spin-off, Karpatkey will operate independently, using its own KPK governance token, and plans to expand its business beyond traditional Web3 services. This move is part of Gnosis's strategy to support blockchain application development and improve the Web3 ecosystem.

ChainCatcher news, according to official information, the XLink cross-chain bridge completed its spin-off through a community vote on November 23 and was officially renamed XLINK (previously ALEX Bridge) and launched a new website, becoming the cross-chain entry for the BTC ecosystem EVM chain. It is reported that 99% of community members agreed to the independent operation of XLINK during this voting activity.XLINK officials stated that this spin-off was mainly due to the need for specific teams and stakeholders to participate in maintaining the integrity of the cross-chain bridge, as well as the need to align with the perspective of expanding the ALEX ecosystem.