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SBI-Sygnum-Azimut DAO fund invests in Singapore crypto exchange, Coinhako
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The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced today in a release that it made its first investment into Coinhako, a Singapore-based cryptocurrency exchange.
While the statement did not disclose the funding value, it specified that proceeds will be used to expand Coinhako geographically in Southeast Asia. Also, the exchange will work on growing verticals that focus on institutional and high-net-worth customer segments.
Considering big investors are looking at crypto to “risk-off” investments in equity and other asset classes, it could be a profitable vertical for the exchange. A recent report had also highlighted that a third of professional investors have dived into crypto while 55% have increased their crypto
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