Zignaly, a Singapore-based co-investment platform, has secured a US$50 million capital commitment from Luxembourg-based GEM Global Yield Fund, as the former eyes a global expansion.
The core Zignaly team / Photo credit: Zignaly
Zignaly will use the funds to expand into Southeast Asia, West Asia, Turkey, India, South America, and Europe. In addition, it will look to make hires for its deeptech and product development teams, including the onboarding of a new chief marketing officer, a spokesperson told Tech in Asia.
Zignaly’s platform lowers the barrier to entry for investors who are looking to add digital assets to their portfolios, entrusting decision-making to expert traders. The company onboards traders and fund managers, and enables them to share their track record and expertise. The profits are shared between the trader and the expert.
To date, Zignaly users have invested more than US$120 million in the portfolios of more than 300 of the platform’s vetted expert crypto traders and fund managers. The company is nearing 1 million monthly visitors, with over 100,000 new users being added to the platform each month, the startup said.
The company’s multichain infrastructure supports sales and initial DEX offerings on chains, including Ethereum ERC20, Polygon, Solana, Harmony, Avalanche, and other blockchains. Additionally, the company recently launched Zigpad, an incubator and investment network, to facilitate fundraising for blockchain projects.
See also: Are SEA’s tech VCs missing out on the crypto craze?
Editing by Collin Furtado
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