China Health Checkmate Backs Crypto Startup Bcause’s Series B Round

China Health Checkmate (CHC) has joined a Series B funding round for Virginia-based cryptocurrency startup Bcause LLC as an initial investor.

China Health Checkmate (CHC) has joined a Series B funding round for Virginia-based cryptocurrency startup Bcause LLC as an initial investor, according to an announcement.

The funding will enable Bcause to open a spot cryptocurrency exchange in the near term and to launch exchange-related cryptocurrency initiatives to be co-located in Asia, its statement said.

CHC is a joint venture between Checkmate Capital, an investment group managing family office assets and Asia-Pacific institutional funds, and unnamed large financial services and healthcare partners in Asia.

The Chinese firm said its investment in Bcause will help establish new cryptocurrency exchanges and Asia-based, asset-backed payment-related products.

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