US crypto fund circling Aussie start-ups

News Snapshot:

Hong Kong-based Animoca, which was removed from the ASX as a $120 million company in 2020 for swapping stock for crypto tokens, is one of C1’s targets. Since its exit from the ASX, Animoca has ballooned into a $7.8 billion private company, with venture backing from Sydney-based Koda Capital and KTM Ventures. At the company’s last capital raise, shares were sold at around $4.50. The Financial Review understands C1 Fund has offered to buy them at around $1.12. Chainalysis, which provides investigation and blockchain analysis services for companies and law enforcement agencies alike, is also in C1’s sights. The US-based...