The blockchain venture capital firm Superscrypt, supported by Singapore's sovereign wealth fund Temasek Holdings, has been reported by Bloomberg today to be planning to raise over $100 million for its second venture fund. Temasek will be the main investor and partner in the new fund. (Background: Taiwan has no sovereign wealth fund! Central Bank's Yang Chin-long: Temasek suffered a loss of $5.7 billion in cryptocurrency investments, making it hard to explain to society) (Additional background: Temasek: We dare not touch cryptocurrencies anymore; the regulations are unfriendly! After losing $275 million in FTX, the 'wound is still painful') Temasek Holdings, Singapore's sovereign wealth fund, is returning to cryptocurrency and blockchain venture capital after the FTX collapse. Bloomberg reported yesterday (1st) that informed sources revealed that the blockchain venture capital firm Superscrypt, supported by Temasek, is planning to raise over $100 million for its second venture fund. The sources also indicated that Temasek and New York-based fintech company Republic have been listed as the main investors of the new fund and will jointly serve as general partners of the new fund. Currently, this fundraising process is still ongoing, and the final amount raised may still fluctuate. Temasek, Republic, and Superscrypt have not responded to confirm this report. Temasek did not dare to touch cryptocurrencies after FTX. After the bankruptcy of SBF's FTX exchange in November 2022, Temasek reluctantly wrote down its $275 million investment in FTX to zero, which led Singapore's former Prime Minister Lee Hsien Loong and current Prime Minister Lawrence Wong to face questioning in Parliament. Following that, Temasek significantly reduced the salaries of the team and executives responsible for investing in FTX. Temasek's investment head stated that due to significant uncertainties in cryptocurrency regulation, making another cryptocurrency investment would be 'very difficult' for them. Despite the collapse of Terra, Three Arrows Capital, and FTX in 2022 causing the overall cryptocurrency industry and market to enter a prolonged downturn, with the listing of Bitcoin spot ETFs this year, BTC and the cryptocurrency market have entered a bull market. Risk capital flowing into digital asset companies has gradually rebounded this year, and it has been reported that Temasek, after suffering a loss of $275 million from FTX, is also planning to return. Related reading: Temasek: We dare not touch cryptocurrencies anymore; the regulations are unfriendly! After losing $275 million in FTX, the 'wound is still painful' Superscrypt: A Web3 fund supported by Temasek Superscrypt is an early-stage blockchain venture capital firm supported by Temasek, investing in protocols and teams that help make blockchain more usable and supporting teams in building applications and emerging use cases relying on Web3 technology. Since 2022, it has invested in over 20 projects, including software developers supported by Microsoft and startups like Space and Time and Aptos Labs, a public chain operator. Related reports Temasek enters Web3; its subsidiary Marketnode will launch a blockchain fund settlement platform and issue tokenized credit products in Q1 next year Temasek Web3 fund discussion RWA; Superscrypt partner: Discussing the context and details of real-world assets that most people do not know Singapore's Deputy Prime Minister: Does not intend to become 'the center of cryptocurrency activities'; Temasek's reputation is 'damaged' due to FTX and is undergoing internal review "Temasek returns to the cryptocurrency sphere after FTX collapse! Supporting Superscrypt in forming a new blockchain fund of $100 million" This article was first published on BlockTempo (BlockTempo - The most influential blockchain news media).