A Chinese Billionaire Is Building a $300 Million Crypto Innovation Hub in Connecticut

JJBers / Flickr

Seven Stars Cloud (SSC) recently announced plans to begin building out a $300 million financial technology hub in the unlikely destination of Hartford, Connecticut. The company, led by investor and media entrepreneur billionaire Bruno Wu, hopes this hub will promote collaboration on machine-learning, robotics and crypto-related initiatives with other firms.

Seven Stars Cloud has released a statement detailing interest in partnering with nearby colleges in order to work towards building an accredited entity that specializes in financial technology. The firm hopes to offer courses in blockchain and artificial intelligence to generate intrigue in students and professionals within the immediate vicinity.

Wu selected Hartford for the location due to its proximity to major universities, including Yale University, University of Connecticut, University of Hartford and the University of New Haven. It’s expected that the move will bring in 330 well-paying jobs to those who demonstrate the necessary fintech skills.

Other universities that currently provide courses in blockchain technology, cryptocurrencies and financial technology include New York University and Fordham University. This will likely be a growing trend as fintech begins to reach a broader audience, its prominence in the job market continues to expand. A recent report shows job listings with blockchain skills as a requirement has surged more than 6,000% since the first quarter of 2017.

The firm has secured a $10 million loan from the Connecticut state government and $23 million from Beijing-based Changan Investment Group.

More: Offical Statement from Bruno Wu
Similar: Crypto Mining Unicorn Bitmain Relocates to 20,000 Sq. Foot Silicon Valley Office
Photo: JJBers / Flickr

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