DNA Fund Acquires Coral Capital To Expand Investment Portfolio

According to Odaily, Web3 investment firm DNA Fund has announced the acquisition of investment management company Coral Capital. The financial details of the acquisition have not been disclosed. This acquisition will increase the assets under DNA Fund's management to over $50 million, including Coral's high-yield hedge fund and venture funds focused on DeFi, artificial intelligence, blockchain, and other sectors. Through this acquisition, DNA Fund aims to leverage the growing interest from institutional investors and plans to expand into several new verticals over the next year. These new areas include BTC and ETH yield funds, as well as additional investment funds focused on artificial intelligence, meme coins, and micro-cap stocks.