Alan Howard-backed crypto incubator WebN Group is about to shut down

According to news, WebN Group, a crypto incubator supported by billionaire Alan Howard, is about to close. The agency 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 owned by Japan's Nomura in 2023.

According to people familiar with the matter, WebN is considered to have completed its mission, and some employees have transferred to Brevan Howard; previously, Brevan Howard's digital asset fund lost nearly 30% in 2025 and drastically reduced BlackRock's iShares Bitcoin Trust holdings by about 85%. (CoinDesk)