Metalayer plans to set up a $25 million crypto venture capital fund
newly established crypto investment firm Metalayer has submitted documents to the US Securities and Exchange Commission (SEC) outlining plans to establish a $25 million fund focused on investments in the cryptocurrency industry. Metalayer has reportedly completed its first round of fundraising, securing $20 million in committed capital and is expected to reach its funding goal by the end of the year.
All three of Metalayer's founders are former executives at Two Sigma Ventures, including former head of digital assets, Andy Kangpan. Metalayer has invested in three companies including synthetic dollar project Ethena, institutional trading platform Crossover, and blockchain clearinghouse Clear Token, demonstrating its focus on the integration of cryptocurrency technology and mainstream financial services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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