HSBC Partners Animoca Brands’ The Sandbox to Make Its Metaverse Debut

HSBC has partnered with The Sandbox, a decentralised gaming virtual world and subsidiary of Animoca Brands, to connect with an emerging generation of metaverse participants and entrepreneurs through immersive experiences. The bank said that it is acquiring a 3×3 LAND

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Hex Trust Closes US$88 Million Series B Co-led by Animoca Brands, Liberty City Ventures

Hex Trust, a digital asset custodian which is fully licensed in Hong Kong and Singapore, announced that it has closed its Series B funding round of US$88 million co-led by Animoca Brands and Liberty City Ventures. Hex Trust’s Series B includes

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ConsenSys Raises US$450 Million Series D From Temasek, SoftBank and Microsoft

Global blockchain software company ConsenSys announced the close of a US$450 million Series D financing round, bringing its valuation to over US$7 billion. ParaFi Capital led this raise after participating in ConsenSys’ Series C round in November 2021. New investors

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NFT Platform UCOLLEX Closes US$10 Million Series A Led by Animoca Brands

UCOLLEX, a Hong Kong-based NFT platform, announced that it has completed a US$10 million Series A funding round led by Animoca Brands and MCP IPX One Fund (IPX Fund), which was established by MCP Asset Management (Japan). The company runs a

Read More Announced as Official Title Partner of the Formula 1 Miami Grand Prix

South Florida Motorsports (SFM) announced the HK based as the official title partner of the Formula 1 Miami Grand Prix. This prestigious new deal will see become an integral part of the newest Formula 1 event on the

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Hong Kong’s HashKey Group Secures US$360 Million for Blockchain Fund

HashKey Group, a Hong Kong-based digital asset financial services group, announced that its asset management subsidiary has completed an initial closing of its new fund in December 2021 with commitments of US$360 million. The fund seeks to invest in companies

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Babel Finance Raises US$40 Million From Tiger Global Management, Sequoia China

Babel Finance, a Hong Kong-based crypto financial-services startup, has raised US$40 million from a slew of global investors. The investors include Tiger Global Management, Sequoia Capital China, Sequoia-affiliated Dragonfly Capital, Bertelsmann through its Asia-focused investment arm BAI Capital, and Zoo

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Hong Kong Seeks to Regulate Stablecoins by 2024

Though crypto-assets do not pose a risk to financial stability just yet, they very well might in the near future as this new asset class continues to develop at a rapid pace. The fast-growing cryptocurrency ecosystem, the rising prevalence of

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Animoca Brands’ The Sandbox Invests US$50 Million in Metaverse Accelerator

The Sandbox, a decentralised gaming metaverse and a subsidiary of Animoca Brands, has committed US$50 million to global venture accelerator Brinc for The Sandbox Metaverse Accelerator Programme, which will target 100 startups to enhance the open metaverse. With applications now

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Animoca Brands Now Valued at US$5 Billion With US$358.8 Million Fundraise

Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, announced that it has raised about US$358.8 million at a pre-money valuation of US$5 billion. The round was led by Liberty City Ventures,

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