DL Holdings invests in digital asset, Web3 gaming platforms

DL Holdings Group Limited announced supplemental details regarding its subscriptions in Asseto Holdings Limited and Pangu Software Pte Ltd. The Group will hold 77,352 Class A ordinary shares in Asseto, representing approximately 3.23% of its enlarged issued share capital. This reflects a post-money valuation of $40 million for Asseto, based on expected business growth and revenue in 2026.

Separately, DL Holdings, through a fund it manages, is investing $1 million in Pangu Software Pte Ltd. Pangu, a Web3 gaming platform, has seen its valuation grow from $30 million in 2022 to nearly $100 million in its latest funding round. This investment aligns with DL Holdings' strategic goals to expand virtual asset management, trading, and tokenization, leveraging Pangu’s expertise.

Asseto specializes in the tokenization of Real-World Assets (RWA) and aims for 10% annualized returns through its Asseto Orient Arbitrage Strategy (AoABT). Pangu operates a decentralized Web3 gaming platform, creating digital assets like NFTs and utility tokens, which can aid in tokenizing RWAs for the Group.