Thai media giant to work with Sygnum for $300m hybrid equity-NFT raise

10/04 12:27

According to Tech in Asia, Sygnum, a Switzerland-based digital asset bank, has partnered with Thai media giant T&B Media Global to facilitate a $300 million round for the latter through a structure that hybridizes equity and NFTs. The amount will go toward T&B Media Global’s new interconnected metaverse platform Translucia. The platform aims to provide a launchpad for partners to leverage blockchain infrastructure to build interconnected metaverses. Sygnum will provide the Thai firm with digital asset services, which includes advising in and setting up the hybrid equity-NFT structure, developing metaverse token economic models, and providing custody for traditional tokens.
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