Web3 investment institution DNA Fund acquisition investment management company Coral Capital

Golden Finance reported that Web3 investment firm DNA Fund announced the acquisition of asset management company Coral Capital, with the specific acquisition amount undisclosed. This acquisition will bring DNA Fund's Assets Under Management to over 50 million US dollars, including Coral's high-yield Hedging fund and risk funds focused on Decentralized Finance, artificial intelligence, blockchain, and other fields. DNA Fund stated that DNA and its founder have invested in projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph, while Coral has invested in Near Protocol and Atmos Labs.