Singapore state-backed fund is main a US$100 million funding spherical into Hong Kong-based blockchain and sport enterprise Animoca Manufacturers, Bloomberg reported.
See associated article: Singapore’s Temasek says doesn’t personal Bitcoin, however prepping for tokenized belongings
Quick info
Temasek will make the funding by means of convertible bonds, in keeping with unnamed sources cited by Bloomberg.
Temasek has been an lively investor within the crypto business regardless of the 70% droop within the crypto market’s capitalization to round US$790 billion earlier this yr from an all-time excessive of about US$3 trillion final November
Earlier this yr, Temasek led Amber Group’s US$200 million funding spherical and NFT startup Immutable’s US$200 million Sequence C.
Animoca Manufacturers raised its valuation to US$5.9 billion after a US$75 million fundraising spherical in July, which was its fifth financing spherical since 2021.
See associated article: Animoca says crypto winter ‘a good time’ for enterprise capitalists
