Singapore state-backed fund is leading a US$100 million funding round into Hong Kong-based blockchain and game venture Animoca Brands, Bloomberg reported

See related article: Singapore’s Temasek says doesn’t own Bitcoin, but prepping for tokenized assets

Fast facts

  • Temasek will make the investment through convertible bonds, according to unnamed sources cited by Bloomberg.
  • Temasek has been an active investor in the crypto industry despite the 70% slump in the crypto market’s capitalization to around US$790 billion earlier this year from an all-time high of about US$3 trillion last November

See related article: Animoca says crypto winter ‘a great time’ for venture capitalists