Singapore’s state investment fund Temasek, which is one of the world’s largest investors, is leading a $100 million funding round in non-fungible token (NFT) and metaverse investor Animoca Brands. The investment will apparently be made via convertible bonds.
The Singaporean sovereign wealth fund, whose net portfolio value stood at $403 billion as of March 2022, has been an active investor in the crypto industry, leading a $200 million round in liquidity provider and market maker Amber Group in February 2022. It also joined crypto exchange FTX US’s $400 million Series A round in January.
Animoca raised $75 million in July in a round that was led by existing investors Liberty City Ventures, 10T, and Kingsway Capital in the second tranche of a January funding that brought in almost $360 million. The Hong Kong-based company’s portfolio contains more than 150 NFT-related projects, including trading platform OpenSea and Dapper Labs, the developer of NBA Top Shot.
