Symphony Digital Announced Closing of its First Fund at $40 million

Symphony Digital Announced Closing of its First Fund at $40 million

Symphony Digital announced the closing of its inaugural fund, Symphony Digital Opportunities Fund, securing $40 million from institutional and private investors, including Animoca Brands.

Symphony Digital, established in 2021, is a digital asset investment platform serving institutions and family offices to provide enterprise-grade access to digital assets through yield generating strategies within Decentralized Finance.

Animoca Brands is a strategic partner to the Fund as well as its lead investor and will collaborate with Symphony Digital to gain exposure to ongoing innovations in GameFi and Web 3.0. Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 170 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse.

Min-Yee Teh, co-founder of Symphony Digital, commented: “With innovation and disruption brought about by digital assets and NFT technology, we believe DeFi will grow in mainstream adoption. We are excited to be working alongside the team at Animoca Brands, as they bring cutting-edge know-how to the ongoing evolution of Web 3.0.”

“One of our goals at Animoca Brands is to seek out and support the companies that are bringing more people into the world of DeFi and the open metaverse.” said Yat Siu, co-founder and executive chairman of Animoca Brands. “We are supportive of Symphony Digital’s mission to make access to DeFi more mainstream as well as bring new insights and strategies that help strengthen the overall ecosystem.”    

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page