DNA Fund Acquires Coral Capital; To Manage $50 Million AUM In Web3, AI & Emerging Tech
2024年10月18日 - 8:00PM
— DNA Fund, the Financial Institution of the future in high-ticket
emerging tech and web3 investments, has announced its acquisition
of Coral Capital Holdings LLC, an established investment management
firm that has previously managed millions in the DNA founders'
personal funds.
As early-stage investors in established Web3 brands and founders
of some of the sector’s most notable projects, DNA and its founders
have invested in or founded projects such as Tether, EOS,
Mastercoin, Bancor, and Hedera Hashgraph. The acquisition will
see the DNA Fund manage an additional AUM of over $50 million,
which includes Coral’s high-yield hedge funds and venture funds
focused on DeFi, AI, blockchain, and other emerging technology
sectors. Some of Coral’s top-performing investments include Near
Protocol and Atmos Labs.
Thomas L. McLaughlin, Coral's Chief Investment Officer, will
continue in his role, managing the funds with a unique focus and
strategy aimed at maximizing investor returns.
Regarding the acquisition, Christopher Miglino, CEO of DNA
Fund, said, “By bringing Coral Capital under our
umbrella, we are not only expanding our investment capabilities but
also enhancing our ability to offer unique, high-growth
opportunities to our clients. Our combined expertise allows
us to navigate the complexities of the digital asset landscape and
continue delivering value to our investors.”
Thomas L. McLaughlin, CIO of Coral Capital Holdings,
added, “Joining forces with DNA Fund is an exciting new chapter for
Coral. Our shared vision for leveraging technology to drive
financial growth is perfectly aligned. Together, we are set to
redefine what’s possible in digital asset investments and deliver
superior results for our investors.”
Since its inception in 2021, Coral has delivered consistent
returns with innovative strategies, delivering high multiples on
the benchmark of the overall market cap of digital assets. Coral’s
Flagship fund, initially started as a market-neutral vehicle, was
rebranded in 2023 as a discretionary liquid token, surviving a
number of high-volatility events, including FTX and Terra.With a
61.6% return (net of fees) and a maximum annual drawdown of only
11.6% in FY 2022, these funds have outperformed the broader digital
asset market. Over a similar period, Bitcoin returned
36.7%.
Through this acquisition, DNA Fund also aims to capitalize on
the growing interest from institutional investors and expand into
several new verticals over the coming year, including a Bitcoin
& Ether Yield Fund, as well as more speculative funds focused
on AI, memecoins and microcaps.
-END-
About DNA Holdings Venture Inc.(DNA Fund):Since 2013, DNA
Holdings Venture Inc. has been a leader in the digital asset
investment space and at the forefront of the next global financial
ecosystem. Co-founded by Brock Pierce, a pioneering innovator and
investor in the blockchain industry, and Scott Walker, a key figure
in early crypto adoption and one of the most successful investors
in the history of the space, DNA Fund leverages its deep industry
knowledge to drive innovation and provide value to investors
worldwide.
About Coral Capital Holdings LLCFounded in 2021, Coral
Capital Holdings LLC has been a trusted name in crypto fund
management, with a focus on delivering innovative strategies and
strong returns for its investors. Under DNA's leadership, Coral
continues to build on its legacy of excellence with a renewed focus
on emerging opportunities in digital assets and technology.
Investor RelationsDNA Holdings Venture
Inc. investors@dna.holdings
Media ContactJonny HeskethLuna PR, jonny@lunapr.io, +971
555 496776