The investment capital market from the cryptocurrency market is holding strong regardless of the crypto winter as major government-linked firms apparently continue betting on big industry players.
Singapore condition-owned investment firm Temasek is joining a $100 million funding round for that blockchain and venture studio Animoca Brands, Bloomberg reported on Tuesday. Based on the report, Temasek may lead Animoca’s financing round through convertible bonds.
Both Animoca and Temasek are recognized for purchasing major crypto firms. In March 2022, both companies took part in a $200 million funding round for that Australian nonfungible token (NFT) platform Immutable.
Temasek is really a major crypto-related investor, taking part in multiple investment models for major industry companies, such as the Binance crypto exchange. The firm can also be noted for backing crypto finance company Amber Group captured, alongside focusing on a number of other industry projects just like a blockchain-based carbon credit exchange.
Headquartered in Singapore, Temasek is among the world’s greatest investors. Based on official data, Temasek’s Asian portfolio amounted to roughly 403 billion Singapore dollars, or $290 billion by March 2022.
Temasek declined to discuss the are accountable to Cointelegraph. “As dependent on policy, Temasek doesn’t discuss market speculation and rumors,” a spokesperson for that firm noted.
Animoca did not immediately react to Cointelegraph’s request comment.
The report comes soon after Animoca closed a $75 million funding round in This summer, securing the 2nd tranche of funding carrying out a $360 million raise in The month of january 2022. The funding was based on investment capital giants like Sequoia China, Winklevoss Capital, Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures yet others. The firm has become apparently worth $6 billion.
Related: Crypto fundraiser hits $30.3B in H1, outpacing all 2021: Report
On August. 26, Animoca’s proper subsidiary Animoca Brands Japan also elevated $45 million from major Japanese bank MUFG. Centered on cooperative partnerships in Japan for NFT-related business possibilities, Animoca Brands Japan aims to make use of the recently guaranteed funds to develop Web3 products in the united states.
