Web3 investment firm DNA Fund has announced the acquisition of investment management company Coral Capital, with the specific acquisition amount undisclosed. This acquisition will bring the assets under management of DNA Fund to over 50 million, which includes Coral's high-yield hedge fund and venture capital funds focused on DeFi, artificial intelligence, blockchain, and other sectors. Through this acquisition, DNA Fund also plans to leverage the growing interest from institutional investors to expand into several new verticals over the next year, including BTC and ETH yield funds, as well as more investment funds focused on artificial intelligence, meme coins, and micro stocks.

Odaily Planet Daily reports that the Web3 investment firm DNA Fund has announced the acquisition of investment management company Coral Capital, with the specific acquisition amount undisclosed. This acquisition will increase the asset management scale of DNA Fund to over 50 million USD, which includes Coral's high-yield hedge funds and venture funds focused on DeFi, artificial intelligence, blockchain, and other sectors. Through this acquisition, DNA Fund also plans to leverage the growing interest from institutional investors to expand into several new verticals over the next year, including BTC and ETH yield funds, as well as more investment funds focused on artificial intelligence, meme coins, and micro-cap stocks. (Globenewswire)

Web3 investment firm DNA Fund acquires Coral Capital