Monkey Capital and Digital Developers Fund Announce Strategic Investment, Partnership
July 24, 2017 — Monkey Capital, the blockchain hedge fund, today announced its strategic partnership with the Digital Developers Fund (DDF), a fund focused on high growth digital assets such as domain names and cryptocurrencies.
Established in 2010 as the Domain Developers Fund, DDF currently owns over 1,540 premium domains such as Swords.com, Audit.com, Exhibitions.com or PR.uk. DDF utilizes a structured approach to investments in digital assets in order to profit from the extraordinary growth in this space. DDF is currently fundraising via an ICO that continues until August 9th.
Money Capital today took a significant investment in DDF’s ICO. At the same time, the two firms have entered an agreement for Monkey Capital to acquire a further stake in DDF within 90 days after the end of the ICO.
While this acquisition won’t affect token holders who invest in the ICO, it will significantly increase assets under management, allowing DDF to accelerate its profitable investment strategy.
When the acquisition completes, DDF will be rebranding as Monkey Ventures. As part of the deal, it has been agreed that Monkey’s token holders will inherit a variable rate of return from the asset managers, represented in the stake that Monkey Capital is taking in DDF.
“We are delighted to announce this deal in companionship with the more than capable stewards at DDF, and welcome them warmly to the Monkey Family,” said Daniel M. Harrison, Managing Partner at Monkey Capital. Mr. Harrison also joined DDF’s Advisory Board to provide his expertise during DDF’s ICO.
“Our mission is to make investing in digital assets safe, transparent and profitable,” added Michael Marcovici, Managing Director of Digital Developers Fund. “We are excited to be supported by Monkey Capital, who are real innovators in blockchain finance. We are looking forward to be working closely with them under the Monkey brand and contribute to their success.”
Digital Developers Fund (DDF) is an investment fund focusing on high growth digital assets such as domain names and crypto currency. The roots of the DDF go back to 2010, when DDF was incorporated in the Cayman Island. Today, DDF holds over 1,350 premium domains such as Swords.com, Audits.com, Exhibitions.com or PR.uk. In 2017, raises funds via an ICO to expand its asset allocation.
About Monkey Capital:
Monkey Capital is actively connecting Traditional Financial Markets and Crypto Markets with an operating model called The Value CoEval. The Monkey Capital CoEval functions as a cooperative of value integration that links LOUD Capital, DX Markets, DMH Co, and many other entities including Digital Developers Fund etc. Monkey has created a symbiotic and integrated TFM & Token family that has identified and actively participates in investment and revenue opportunities in Aerospace, Blockchain, Integrated Trading Systems, Real Estate, AI, IoT, and Quantum Computing.