Sygnum, a digital asset technology group with a Swiss banking licence and a Singapore capital markets services (CMS) licence, announces it is partnering Thai media and entertainment group T&B Media Global to raise over $300 million to fund its new interconnected metaverse platform.

Sygnum said in a statement on Tuesday the raise uses a unique structure hybridising equity and non-fungible tokens (NFTs) like metaverse land NFTs into a financial instrument.

The new platform enables partners to build interconnected metaverses, with prominent real estate developer Magnolia Quality Development Corporation (MQDC) joining as first corporate partner

Corporates and investors now have a novel and regulated financial instrument to fully participate in the global Metaverse opportunity that is projected to reach $5 trillion by 2030, according to McKinsey & Company.

Sygnum now provides a corporate finance solution for issuers seeking to raise capital via unique Web3-native fundraising structures.

According to the statement, T&B Media Global’s new platform, Translucia, provides partners a launchpad to leverage its blockchain infrastructure and build an infinite universe of interconnected metaverses.

Balancing business and societal outcomes, Translucia incorporates entertainment with ‘participate-to-earn’ self-improvement activities to promote happiness, wellness and prosperity among users, while creating new revenue streams for partners by blending real-world experiences with digital worlds.

Translucia’s first partner, MQDC, is a leading real estate developer in Thailand with a portfolio of over 20 projects across residential and hospitality developments.

MQDC will develop a metaverse within Translucia consisting of a virtual city that connects digital buildings with its real-world property projects and experiences.

Meanwhile, Sygnum will provide T&B Media Global an end-to-end corporate finance solution called Strategic Digital Assets Solutions.

It includes advising and setting up of the hybrid equity-NFT structure, developing metaverse token economic models and providing institutional-grade custody for traditional securities and tokens.

Sygnum will also lead the fundraise by managing Translucia’s roadshow, and provide professional investors and strategic partners aligned with Translucia’s vision access to the platform and investment opportunity.

“Immersive metaverse experiences require tokens and other forms of digital assets to facilitate interactions within digital worlds. This affords metaverse developers the capability to structure fundraising for their projects in exciting new ways – combining traditional financial market instruments with token generation events – and also enables investors to fully participate in the global metaverse opportunity,” said Gerald Goh, Sygnum Co-Founder and CEO Singapore.

“We are excited to partner T&B Media Global to accelerate the growth of their metaverse universe, and to bring to market a new way for raising capital in a fully-regulatory compliant manner,” he added.

Launched in June this year, Sygnum’s Strategic Digital Assets Solutions is enabled by its expanded CMS licence for the activities of advising on corporate finance, dealing in capital markets products and providing custodial services, all three of which Sygnum received full approval for by the Monetary Authority of Singapore earlier in May. This is on top of the fund management licence that Sygnum received in October 2019.

“A good company extends beyond just good products and financials – it includes the driven, nurturing hearts of its people working together to build something amazing,” said Dr Jwanwat Ahriyavraromp, Founder and Chief Executive Officer of T&B Media Global and Translucia.

“From the moment I met the Sygnum team, I knew they were a perfect fit and would be excellent stewards of our equity-NFT fund raise,” he added.

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