Animoca Brands provides internal market-making services for startups

ChainCatcher news, according to The Block, investment firm Animoca Brands provides internal market-making services for startups. Animoca offers market-making services through its internal digital asset team, which was established in early 2022 and currently consists of 10 employees. They describe it as "essentially a finance team," which is also responsible for establishing nodes and hedging to offset the volatility of Animoca's significant amount of unstable tokens."

An Animoca spokesperson stated, "The team's primary role is similar to that of the finance teams at many large companies, optimizing the company's balance sheet. The team does engage in market-making trades to ensure that certain tokens have sufficient buy/sell liquidity, which is similar to the function of third-party market makers, except we choose to do this work in-house for scale and efficiency."