Are you guys also approaching this kind of investments to speed up your roadmaps?
People don’t realize how big of an investment this actually is. GIC is the 3rd biggest sovereign wealth fund in the world. Bullish for all of Crypto.
won’t they have to buy tokens on the open market?
They would buy into the Equity % of existing companies, not their tokens. (ie. Nash/Binance/etc)
From a quick search, GIC was part of a group that invested approximately $300M USD at a projected valuation of $8B, which leaves them with a stake of around 3.5%-4%. This just further legitimizes the technology and the space when you look at their portfolio.
That’s right. Singapore government are very strict and careful in investing. $300 MILLION dollar investment is not little. Still interested to know if anyone approached nash to invest.
Really hard to say, those investments can come at any stage of the game. Ranging from seed/start up money, to large equity investments to already established companies that require additional capital for new projects. Just because it hasn’t happened yet, doesn’t mean it won’t down the road.
Hey thats true. Money will start pouring in when the institutions see big money opportunities.
Nash as a company have many options (unstaked dividend, fees from financial products that are not going through match engine) to generate revenue. I think, any institutional/government investment firms can buy equity % from Nash. This may happen if NASH get enough licenses to trade traditional securities and digital STOs across globe. Until then just HODL…
yes, but its a whole new level if nash is invested by government investment bodies like Singapore GIC.