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
Final closing 30 June 2024
Fund base currency USD
Total fund size (m) 27 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 (exited) 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%

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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 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.

Become a client
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Investor qualification

The following content is available to qualified investors. Please confirm your details below to visit this page, or please see our other digital asset updates here.

Qualified investor - As defined in Art. 10 (3) ff. of the Swiss Collective Investment Schemes Act. In particular, natural persons who have the knowledge required to comprehend the risks of the investments based on their individual education and professional experience or based on comparable experience in the financial sector and hold liquid assets of at least CHF 500,000.

A US Person is defined as (a) an individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organised under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income taxes regardless of whether such income is effectively connected with a United States trade or business.

Disclaimer:

The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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