Gaming Giant Ubisoft Backs White Star Capital’s $120M Crypto Fund

Video game giant Ubisoft has led a $60 million investment in White Star Capital’s new Digital Asset Fund that could go up to $120 Million. Dubbed Digital Asset Fund (DAF) II, this is the company’s second fund and will focus on Web3 and gaming projects. Ubisoft Leads Crypto-Focused Investment Fund White Star Capital announced the first close of its second Digital Asset Fund (DAF II) backed by leading video game developer Ubisoft as a limited partner (LP) anchor. The Digital Asset Fund (DAF II) will deploy between $1 million and $7 million in token and equity investments in 20 to 25 companies located in North America, Europe, and Asia. “White Star Capital has a track record of backing many of today’s top up-and-coming Defi start-ups and their experience has been very helpful as we grow our company. The team is passionate, driven and understands the steps entrepreneurs need to take to lead tomorrow’s decentralized world,” Dr. Chiente Hsu, CEO of ALEX said in the announcement release. Since raising its first Digital Asset Fund in 2020, White Star Capital has invested in over 20 companies including P2P crypto lending platform Ledn, ALEX DeFi platform, NFTs and Metaverse platform Exclusible, and more. Focused on tech investment, the company has raised $50 Million in 2020 dedicated to crypto companies. Its first Digital Asset Fund was also backed by Ubisoft. Currently, White Star has over $1 billion under its management.The post Gami...