BlockBeats News, February 26 — The crypto incubator WebN Group, supported by billionaire Alan Howard, is about to shut down. The organization previously invested in digital asset infrastructure projects such as KAIO (formerly Libre), Twinstake, TruFin, and Geometry, and in 2023 received investment from Laser Digital, a crypto joint venture platform under Nomura Japan.
Sources familiar with the matter say WebN is considered to have “fulfilled its mission,” and some employees have already transferred to Brevan Howard. Previously, Brevan Howard’s digital asset fund suffered nearly 30% losses in 2025 and significantly reduced its holdings of BlackRock’s iShares Bitcoin Trust by about 85%. (CoinDesk)
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