# CNHC Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cnhc-group

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.cnhc.to
- Total disclosed funding: $10M
- Latest round: Series A (Aug 1, 2022)
- Investors on record: 3

## About

Based in Singapore, and founded in 2020, CNHC Group operates as a financial services company providing digitization of assets through blockchain technology. In August 2022, the firm raised USD 10 million in series A funding led by investor KuCoin Ventures, with participation from other investors Circle Ventures and IDG Capital.

The company is building a financial infrastructure linking traditional finance to the blockchain world. The company launched CNHC stablecoin in 2021, on recognized public blockchains such as Ethereum and Conflux, which is pegged to the CNH at a ratio of 1:1. The smart stablecoin is created for international trade settlement, web3-based on-chain transactions, and asset allocation. The company’s ecosystem also includes wallets on Metamask and imToken, exchanges on TruBit Pro., and payment partners on OnPay.

The company plans to utilize its August 2023 finding to grow the adoption of its stablecoin, in the Asia Pacific region, and to increase its team to 60 employees. The company also plans to move its headquarters to Hong Kong in near future.

## Funding rounds

- Series A, Aug 1, 2022, $10M — IDG Capital, Circle Ventures, KuCoin Ventures

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Circle Ventures — Series A
- KuCoin Ventures (https://capitalatlas.ai/funds/kucoin-ventures) — Series A