GEORGE TOWN, Cayman Islands, April 14, 2022 /PRNewswire/ — Symphony Digital (the "Company") announced the closing of its inaugural fund, Symphony Digital Opportunities Fund (the "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 ("DeFi").
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."
About Symphony Digital
Symphony Digital was founded in 2021 to serve institutions and family offices. Through our domain expertise and working with enterprise grade vendors, the Company seeks to provide secure access as well as thoughtful transparency to our investors in the digital asset class. Official website: www.symphonydigital.io.
This press release is intended for information purposes only. This press release and the information contained herein do not intend to constitute an offer or an invitation of an offer to any persons to subscribe for Shares of or participate in the Fund in Hong Kong, Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.
The information in this press release is qualified in its entirety by, and is subject to, the more detailed information set out in the offering documents of the Fund.
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