Sony will push for the on-chaining of its IP assets and plans to establish an investment fund to support the Soneium ecosystem.
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South Korea plans to establish a Future Fund using tax revenue from its semiconductor industry.
Odaily Odaily reports that South Korean Presidential Chief of Staff Kang Hoon-sik stated on Sunday that the government plans to establish a Future Response Fund using the additional tax revenue generated by the semiconductor industry boom. The fund will be used to invest in economic growth engines, support the younger generation, and address growing social inequality. The government will utilize the "Future Response Fund" to finance major national investment projects and enhance the country's long-term competitiveness. (Jin Shi)
Vanguard Group publicly advertised for a head of digital assets, having explicitly stated that crypto assets were inconsistent with its long-term investment philosophy.
According to Mars Finance, Vanguard Group is hiring a Head of Digital Assets for its Personal Wealth business. The job requirements include over 10 years of relevant experience, a deep understanding of digital assets (tokenization, stablecoins, custody, settlement, etc.), and innovation and risk management capabilities in a regulatory environment. This position will be responsible for developing Vanguard's strategy, roadmap, and implementation in the digital asset space, including assessing digital asset capabilities, product development, operating models, and cross-functional collaboration with product, technology, operations, risk, legal, and compliance departments. It will also require representing Vanguard in external communications with industry players, regulators, and clients. It is understood that Vanguard began allowing brokerage clients to trade crypto ETFs and mutual funds last December, but the company has explicitly stated that it has no plans to launch its own crypto investment products, believing that digital assets are still inconsistent with its long-term investment philosophy.
Australian superannuation fund UniSuper plans to buy tech stocks on dips, ignoring concerns about an AI bubble.
According to Mars Finance, on July 8th, UniSuper, one of Australia's largest pension funds, is seeking to buy into US tech stocks during a pullback, ignoring concerns about high valuations and betting that artificial intelligence will drive earnings growth in the coming years. John Pearce, the fund's chief investment officer, stated that the fund is structurally overweight in US tech stocks because they are at the "sweet spot" of the AI spending cycle, and would increase its holdings even if the sector pulls back by 10%. This bullish stance highlights the growing divergence among investors regarding the long-term prospects of US mega-cap tech stocks—which are currently retreating from their record highs reached last month. Pearce stated, "Everyone is talking about a bubble, but valuations don't reflect that. We know they're investing heavily in capital expenditures, but they are fundamentally sound companies with strong growth prospects, so we're very happy to continue long." UniSuper, with assets under management of A$166 billion (approximately US$115 billion), has maintained an overweight position in US tech stocks for several months. International equities account for about 35% of its default investment strategy, with Nvidia, Microsoft, and Apple being its largest holdings.
Vanguard Group establishes its first head of digital assets position
According to Mars Finance, on July 8th, Vanguard Group, the world's second-largest asset management company (managing approximately $12 trillion in assets), created its first Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will assess areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard should build its own capabilities, partner with external entities, or postpone entry into certain markets. The position requires developing multi-year roadmaps and designing governance and risk frameworks. Vanguard stated that this hiring does not indicate an upcoming launch of crypto products and currently has no plans to issue its own crypto investment vehicles.
Xinjinggang: Plans to invest 10 million yuan in a fund with a scale of 33.01 million yuan.
Mars Finance reported on July 6th that Xinjinggang announced it has recently signed a partnership agreement with its general partner and other limited partners to participate in the investment of Lianxin Xinghang, a company with a total fundraising scale of 33.01 million yuan. As a limited partner, Xinjinggang plans to subscribe for a 30.2939% stake with 10 million yuan of its own funds, without exercising control or joint control, and without generating significant influence. This investment does not involve competition with related parties or related-party transactions, and does not constitute a major asset restructuring. The investment aims to expand its strategic emerging industry layout and may face the risk of lower-than-expected returns or losses. (Company Announcement)
South Korea is considering using semiconductor tax revenue to establish a growth fund.
A senior South Korean government official reportedly stated that South Korea is considering establishing an investment fund to capitalize on the excess tax revenue generated by its booming semiconductor industry, in order to support long-term economic growth. (Jiemian)