Web3 investment firm DNA Fund acquires Coral Capital

Odaily News Web3 investment institution DNA Fund announced the acquisition of investment management company Coral Capital. The specific acquisition amount was not disclosed. The acquisition will bring the assets under management of DNA Fund to more than US$50 million, including Coral's high-yield hedge funds and venture funds focusing on DeFi, artificial intelligence, blockchain and other fields. Through this acquisition, DNA Fund also plans to take advantage of the growing interest of institutional investors and expand into several new verticals in the coming year, including BTC and ETH income funds, as well as more investment funds focusing on artificial intelligence, meme coins and micro-cap stocks. (Globenewswire)