SBI-Sygnum-Azimut Digital Asset Opportunity Fund

Overview

The SBI-Sygnum-Azimut Digital Asset Opportunity Fund is a joint venture established in Singapore in 2021, focusing on early-stage investments in digital asset companies and projects. The fund aims to accelerate the growth of promising companies in the digital asset sector by providing qualifying investors with access to the rapidly expanding digital asset economy. It targets Seed to Series A projects actively building in the digital asset ecosystem, with average initial investments ranging from USD 500,000 to USD 3 million per company. The fund has a broad geographical focus, looking at deals across Europe, Southeast Asia, Taiwan, Hong Kong, and Australia. It targets a wide range of sectors, including DeFi, Layer 2 solutions, NFTs, Metaverse applications, and Web3 infrastructure. The fund aims to achieve significant returns through capital appreciation of its equity investments in early-stage technology companies. Due to the rapid development of the digital asset space, exit timelines for blockchain companies are expected to be shorter than in traditional industries. Risk mitigation measures include clear investment boundaries and guidelines, multiple review processes, and active support of the companies post-investment. Investors can expect exposure to early-stage companies in the digital assets space, broad coverage of sectors and geographies, and a team with strong expertise leveraging the collective knowledge pool and network of Sygnum, SBI, and Azimut. The fund provides quarterly reports outlining important developments in the market and activities of the DAO fund and its portfolio companies. The minimum ticket size for investment is USD 100,000 through the Feeder Fund. Sygnum clients can contact their relationship manager, and institutional investors and private qualified investors can contact Sygnum Asset Management directly to request information about venture investment opportunities. This Digital Asset Opportunity Fund is closed for new investments; however, Sygnum will be launching another venture capital fund soon. The fund is managed by SBI Ven Capital Pte. Ltd., the Singapore subsidiary of Japanese financial services conglomerate SBI Group, and Sygnum Pte. Ltd., the Singapore subsidiary of Sygnum Bank AG, a regulated bank supervised by the Swiss Financial Market Supervisory Authority (FINMA). The fund leverages the expertise and ecosystem of SBI Group, Sygnum Bank Group, and Azimut Group to support the growth of promising digital asset-related companies. The fund's investment strategy includes focusing on regulated solutions in digital assets, anticipating significant mergers and acquisitions in the digital asset industry, enabling financial incentives to permeate various aspects of life, and integrating physical and digital experiences to create a hybrid world. The fund aims to provide investors with exposure to early-stage companies in the digital assets space, broad coverage of sectors and geographies, and a team with strong expertise leveraging the collective knowledge pool and network of Sygnum, SBI, and Azimut. The fund has made several investments, including a €1 million seed investment in Colossus Digital, a blockchain infrastructure company offering the Institutional Hub, a two-sided B2B marketplace connecting regulated custodians with top-tier validators for staking and governance. This investment aims to accelerate the rollout of Colossus Digital's Institutional Hub, enhancing custody-to-staking workflows and expanding its global client base. The fund's investment in Colossus Digital underscores its commitment to supporting innovative companies in the digital asset space and its focus on providing investors with access to promising opportunities in the rapidly evolving digital asset economy.

Investment Focus

• Minimum ticket size of USD 100,000 through the Feeder Fund

Portfolio Companies