Metalayer plans to establish a $25 million crypto venture capital fund
The newly established crypto investment company Metalayer has submitted documents to the U.S. Securities and Exchange Commission (SEC), planning to set up a $25 million fund focused on investments in the crypto industry. It is reported that Metalayer has completed its first round of fundraising, obtaining $20 million in subscribed capital, and expects to raise full funds by the end of the year. The three founders of Metalayer are all former executives of Two Sigma Ventures, including former digital asset head Andy Kangpan. It is understood that Metalayer has invested in three companies including synthetic dollar project Ethena, institutional exchange Crossover, and blockchain clearing house Clear Token, demonstrating its strategy focused on integrating crypto technology with 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.
You may also like
USDe supply drops to 6.526 billions
The US SEC will issue guidelines for cryptocurrency custody services
Negotiations on the U.S. crypto market structure bill may be postponed until January next year