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Metalayer plans to establish a $25 million crypto venture capital fund

Metalayer plans to establish a $25 million crypto venture capital fund

Bitget2024/11/25 12:49

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.

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