Former Aptos Labs CEO Mo Shaikh launches $50 million crypto asset fund

Mo Shaikh, co‑founder and former chief executive officer (CEO) of Aptos Labs, has launched a crypto asset investment fund focused on the Asian market called 'Maximum Frequency Ventures (MFV)'. The initial fund size is USD 50 million.

On the 14th (local time), according to The Block, MFV will focus its investments on web3 infrastructure, consumer‑facing crypto asset services, and AI‑based networks. Shaikh said, "The goal is to prove that operator‑centric capital can deliver better results than simple investment capital," and added, "The success criterion is to make founders name MFV as a partner for long‑term growth within the next five years."

In addition to Shaikh, a number of early Aptos key figures have joined the fund, including former head of ecosystem Neil Harounian, former Asia‑Pacific head of institutions Alexandre Tang, and former Asia‑Pacific ecosystem lead Jerome Ong. MFV plans to combine accelerator and venture studio functions with investment to work closely with early‑stage startups.

The fund's operating structure centers on a 'Founder Residency Program' and a '12‑week intensive development sprint.' Shaikh explained, "Working with MFV is not simply securing an investor but akin to gaining a co‑founder."

MFV has secured family offices in the United States, East Asia, and Southeast Asia as major limited partners (LPs), and more than half of its overall portfolio is already rooted in the Asian market. Shaikh told Fortune in a recent interview, "To date, we have invested about USD 5 million in six startups."

The launch of MFV is expected to serve as a test of whether a practitioner‑founder‑led capital model, beyond traditional venture capital structures, can produce tangible results within the crypto asset industry.