Singapore state-backed fund is main a US$100 million funding spherical into Hong Kong-based blockchain and recreation enterprise Animoca Manufacturers, Bloomberg reported.
See associated article: Singapore’s Temasek says doesn’t personal Bitcoin, however prepping for tokenized belongings
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Temasek will make the funding by way of convertible bonds, in line with unnamed sources cited by Bloomberg.
Temasek has been an lively investor within the crypto trade regardless of the 70% droop within the crypto market’s capitalization to round US$790 billion earlier this 12 months from an all-time excessive of about US$3 trillion final November
Earlier this 12 months, Temasek led Amber Group’s US$200 million funding spherical and NFT startup Immutable’s US$200 million Collection 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
