CTH Group (CTH), a company witch works in Web 3 infrastructure and blockchain ecosystem, announced it is establishing its global headquarters in the City of Miami.
“Miami has proven it wants to be a global leader in the Web 3 and crypto space. It was an easy decision having seen first-hand the efforts the city is making to attract the businesses, talent and capital that drive our industry”, saids Raymond Yuan, founder of the Group, according a press release.
CTH is the holding company of three distinct businesses: Fundamental Labs, a crypto venture capital firm with over 300 portfolios; IDEG, an institutional digital asset manager; and Atlas, one of the world’s largest Web 3 infrastructure service providers.
The company has offices in Singapore, Hong Kong, New York, San Francisco, Austin, Almaty and Vancouver.
Since 2016, CTH has established a global presence across North America, Asia, and Europe.
The company highlighted the work Miami has been doing to become the epicenter of Web 3 technology and the Crypto ecosystem.
“Miami has set bold ambitions to be the capital for Web 3 in the same way Silicon Valley ruled Web 2. The explosion of growth of the ecosystem, at a global scale, is fuelled by a passionate and enthusiastic community that prides itself on inclusivity and collaboration”, the firm saids.
CTH also highlighted the importance of the actions of the city’s governance during the pandemic in attracting international conferences, forums and events on the subject in question.
“Miami seized on the opportunity during the pandemic to lure many international conferences, forums, and events focused on Web 3, blockchain and digital assets – and the institutional investment has followed. Coupled with a growing digital asset savvy population and policies to encourage greater adoption for daily commerce, the environment in Miami is primed for rapid growth and officials expect more industry leaders such as CTH to establish headquarters or operations in the city”, adds te PR.
The assertion that South Florida is an emerging startup hub is no exaggeration. Investment and next-stage startups in this state have actually increased several-fold year-over-year with Miami companies leading the gains.
Yuan emphasized how important this ecosystem is for the success of his company.
“For CTH Group to be successful we need to be close to the innovators in the space. In Miami we do not have to go far to meet entrepreneurs with new ideas, renewable energy companies hoping to collaborate with Web 3 infrastructure providers, or traditional investors looking to deploy their capital in this fast-growing sector. CTH has ambitious growth targets and our pursuit for excellence has led us to Miami to achieve them,” concluded the executive.