SG co-investing firm launches DAO for Web3 investments

Zignaly, a co-investment platform based in Singapore, has launched a decentralized autonomous organization (DAO) to extend its range of Web3 investments and include crypto investing in its services.

The core Zignaly team / Photo credit: Zignaly

The DAO will provide users with access to investment products including non-fungible tokens, metaverse real estate, and decentralized finance staking – all without the constraints of centralized exchanges. Zignaly will integrate decentralized exchanges, yield farms, NFT market platforms, and lending services on its platform. 

Launched in 2018, Zignaly lowers the barrier to entry for investors looking to add digital assets to their portfolios. The Singapore-based company onboards traders and fund managers and helps them share their expertise.

“This enables the community to leverage the power of Zignaly while removing any chance of meddling or control from the exchanges or from Zignaly,” said founder Bartolome Bordallo. The profits are shared between the trader and the expert, the company said.

See also: After IreneDAO: a world made for superfans

Zignaly aims to hit US$10 billion in total value locked (TVL) by Q4 2023, along with over 100 million transactions per month. Bordallo expects the DAO, which will use the ZIG token, to generate US$3 billion or 30% in returns from the targeted TVL annually.