Thai media giant T&B Media Global enters metaverse with $300M hybrid equity-NFT raise led by Sygnum

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…