Animoca Brands will collaborate with Sirui Group and invest in its subsidiary GROW Digital Wealth

ChainCatcher News, according to the official blog, Animoca Brands announced that it has signed a letter of intent with the investment and asset management platform GROW Investment Group (referred to as GROW). According to the letter of intent, Animoca Brands will establish a strategic partnership with GROW and make an equity investment in GROW Asset Management (HK) Limited. GROW Asset Management (HK) Limited will subsequently be renamed GROW Digital Wealth (GDW), becoming GROW's flagship platform.

According to the proposed cooperation agreement, Animoca Brands and GROW will develop GDW into one of the first platforms in Asia to provide both cryptocurrency and traditional financial investment products to family offices and ultra-high-net-worth individuals. GDW holds Type 1 (securities trading), Type 4 (securities advisory), and Type 9 (asset management) licenses issued by the Hong Kong Securities and Futures Commission.

Animoca Brands plans to introduce crypto assets (including real-world assets) to the GDW platform, while GROW will bring its curated investment products to GDW. Independent Financial Advisors (IFA) will be able to offer their clients cryptocurrency and traditional financial products through GDW, a platform that meets institutional standards and compliance requirements. As part of the proposed transaction, Animoca Brands plans to acquire up to 15% equity in GDW, subject to final agreement and any necessary approvals.