Singapore state investor leads $100m round for crypto firm Animoca: report
Both parties participated in a $200 million funding round for Australia's NFT Immutable in March 2022.
New
The cryptocurrency industry venture capital market is holding up despite the crypto winter, as large government-linked companies are reportedly continuing to bet on big players in the industry.
>Singapore-based public investment firm Temasek joins a $100 million funding round for blockchain and venture capital studio Animoca Brands, Bloomberg reported on Tuesday. According to the report, Temasek will lead Animoca's financing round through convertible bonds.
Both Animoca and Temasek are known to invest in big crypto companies. In March 2022, the two companies participated in a $200 million fundraising round for Australian non-fungible token (NFT) platform, Immutable.
Temasek is a major crypto investor, participating in multiple investment rounds for major companies in the industry, including crypto exchange Binance. The company is also known for backing crypto-finance service provider Amber Group earlier this year, while working on many other industry projects like a blockchain-based carbon credit exchange.
Located in Singapore, Temasek is one of the largest investors in the world. According to official data, Temasek's Asian portfolio stood at approximately S$403 billion, or $290 billion as of March 2022.
Temasek declined to comment on the report to Cointelegraph. "As a matter of principle, Temasek does not comment on market speculation and rumors," a company spokesperson noted.
Animoca did not immediately respond to Cointelegraph's request to c...
Both parties participated in a $200 million funding round for Australia's NFT Immutable in March 2022.
New
The cryptocurrency industry venture capital market is holding up despite the crypto winter, as large government-linked companies are reportedly continuing to bet on big players in the industry.
>Singapore-based public investment firm Temasek joins a $100 million funding round for blockchain and venture capital studio Animoca Brands, Bloomberg reported on Tuesday. According to the report, Temasek will lead Animoca's financing round through convertible bonds.
Both Animoca and Temasek are known to invest in big crypto companies. In March 2022, the two companies participated in a $200 million fundraising round for Australian non-fungible token (NFT) platform, Immutable.
Temasek is a major crypto investor, participating in multiple investment rounds for major companies in the industry, including crypto exchange Binance. The company is also known for backing crypto-finance service provider Amber Group earlier this year, while working on many other industry projects like a blockchain-based carbon credit exchange.
Located in Singapore, Temasek is one of the largest investors in the world. According to official data, Temasek's Asian portfolio stood at approximately S$403 billion, or $290 billion as of March 2022.
Temasek declined to comment on the report to Cointelegraph. "As a matter of principle, Temasek does not comment on market speculation and rumors," a company spokesperson noted.
Animoca did not immediately respond to Cointelegraph's request to c...
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