According to Mars Finance, WebN Group, a crypto incubator backed by billionaire Alan Howard, is set to close on February 26. The firm previously invested in digital asset infrastructure projects such as KAIO (formerly Libre), Twinstake, TruFin, and Geometry, and received investment from Laser Digital, a crypto joint venture platform under Nomura, in 2023. Sources familiar with the matter say WebN is considered to have "fulfilled its mission," and some employees have moved to work for Brevan Howard. Previously, Brevan Howard's digital asset fund lost nearly 30% in 2025 and significantly reduced its holdings in BlackRock's iShares Bitcoin Trust by approximately 85%. (CoinDesk)
WebN Group, a crypto incubator backed by Alan Howard, is shutting down.
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