As a former Wall Street strategist turned crypto realist, I’ve watched华兴资本 shift from M&A kingpins to Web3 architects. In just 3 years, they poured $100M into Circle, Matrixport, and stablecoin infrastructure—not with hype, but with forensic data and SEC-compliant rigor. This isn’t luck. It’s the end of Web2’s fairy tales—and the cold start of a new financial era written in code, not brochures.