SBI-Sygnum-Azimut Digital Asset Opportunity Fund

SBI-Sygnum-Azimut Digital Asset Opportunity Fund

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Early-stage projects

Venture capital fund that invests in companies in the web3 space at the Seed – Series A stage.

Strong expertise

Operational expertise in digital asset and strong network of Sygnum, SBI, and Azimut to better identify and evaluate promising investment opportunities.

Diversified

The DAO fund invests across the web3 space covering different sectors such as DeFi, Layer 2s, NFTs, Metaverse, Gaming, Web3 Infrastructure.

Key facts

Asset class Venture capital
Investment stage Pre-series A / Series A
First closing 30 September 2021
Subscription period 18 months
Fund base currency USD
Total fund size (m) 75 million
Fund duration 8 + 1 + 1 years
Domicile and type of master fund Singapore VCC
Domicile and type of feeder fund Singapore VCC
Minimum initial investment (master) USD 3 million
Minimum initial investment (feeder) USD 100,000

Selected investments

Coinhako Cryptocurrency platform in Singapore focused on Southeast Asia
CollectID Gateway between physical and digital sport fan experiences
Young Platform Crypto platform active in Southern Europe creating multi-layered user experience
SolanaFM Data analytics provider for one the leading blockchain protocols

Fees

Master fund management fees – during investment period 2.5%
Master fund management fees – during divestment period 2%
Feeder fund management fees – during entire duration of the fund 3%
Performance fee 20%

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Investment strategies

The SBI-Sygnum-Azimut Digital Asset Opportunity Fund, which brings together the collective digital asset experience and networks of Sygnum, SBI and Azimut, aims to accelerate the growth of promising companies in this sector, while providing qualifying investors with unrivalled access to the fast-growing digital asset economy. Investment theses that we follow are:

  • Increased importance of regulated solutions in digital assets in the years to come.
  • M&A in the digital asset industry is just getting started and will explode in the next years.
  • Digital assets will allow for financial incentives to pervade many aspects of our lives beyond what we currently have.
  • Further integration of physical and digital experiences to create a hybrid world.

Objective

The DAO Fund targets Seed to Series A projects that are actively building in the digital asset ecosystem. Average initial tickets are USD 500,000 – USD 3 million per company. It has a wide geographical focus, looking at deals across Europe, Southeast Asia, Taiwan, Hong Kong, and Australia. A broad set of sectors are targeted ranging from DeFi, Layer 2s, NFTs/Metaverse applications to Web3 infrastructure. 

Risk/return profile

The fund aims to achieve significant returns through capital appreciation of its equity investments in early-stage technology companies. Due to the development speed of the digital asset space, exit timelines for blockchain companies are expected to be shorter than in traditional industries.  

Risk mitigation measures are taken, such as clear investment boundaries and guidelines, multiple review processes and active support of the companies post-investment. 

What can investors expect

  • Exposure to early-stage companies in the digital assets space 
  • Broad coverage of sectors and geographies 
  • Investment team and Investment Committee with strong expertise leveraging the collective knowledge pool and network of Sygnum, SBI, and Azimut 
  • Quarterly reports outlining important developments in the market and activities of the DAO fund and its portfolio companies 
  • Minimum ticket size of USD 100,000 through our Feeder Fund 

How to invest

Sygnum clients can invest in the Sygnum Digital Asset Opportunity Fund directly through their Sygnum relationship manager. Institutional investors in Switzerland, as well as private qualified investors in Singapore can contact the Sygnum Asset Management Team.

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