Animoca Brands has signed a term sheet with GROW Investment Group to acquire up to a 15% stake in its Hong Kong subsidiary, GROW Asset Management (HK) Limited. The deal, which is subject to final agreement and regulatory approval, aims to create a platform offering both cryptocurrency and traditional financial products. Targeting Asian family offices and ultra-high-net-worth individuals, the collaboration will see Animoca Brands introduce crypto asset products, including physical assets, while GROW will provide traditional and alternative investment solutions.
Animoca Brands to Acquire Up to 15% Stake in GROW Asset Management
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