Summary
- CMT Digital said it raised new capital of $136 million.
- The fund reportedly included family offices, wealthy individuals, and institutional investors.
- About 25% of the secured capital has already been allocated to startups related to stablecoins.
Virtual asset (cryptocurrency) investment firm CMT Digital has reportedly secured a large amount of new funding.
On the 5th (Korean time), Sam Harlin, a partner at CMT Digital, told Fortune in an interview, "CMT Digital's fourth venture fund has raised $136 million," adding, "it has secured a substantial amount of new capital."
Family offices, wealthy individuals, and institutional investors are said to have participated in the fund. The investors' names were not disclosed.
The fund had originally targeted $150 million but fell short of the goal.
CMT Digital has previously invested in major digital asset projects such as Bitcoin (BTC) and Ethereum (ETH). Recently, it has already allocated about 25% of the funds, including startups Coinflow and Codex, to stablecoin (virtual assets pegged to fiat currency) related startups.
Harlin said, "Companies that can replace incumbent financial institutions will remain at the center of the investment strategy," and "if new areas emerge and clearly prove the rationale, we expect to position ourselves as early investors in those areas."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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