DNA Fund Acquires Coral Capital Holdings, Expands AUM by $50 Million

According to BlockBeats, on October 19, DNA Fund, known for its investments in emerging technologies and Web3, has acquired investment management company Coral Capital Holdings. Coral Capital previously managed multi-million dollar funds for DNA Fund's founder. DNA Fund and its founder have been involved in notable projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. This acquisition will increase DNA Fund's assets under management (AUM) by over $50 million. The newly acquired assets include Coral's hedge fund and venture capital fund, which focus on decentralized finance (DeFi), artificial intelligence, blockchain, and other emerging technologies. Some of Coral's top investment projects include Near Protocol and Atmos Labs.