Jin Se Finance reported that the newly established cryptocurrency investment firm Metalayer has submitted documents to the U.S. Securities and Exchange Commission (SEC) to set up a $25 million fund focused on investments in the cryptocurrency industry. It is reported that Metalayer has completed its first round of fundraising, securing $20 million in committed capital, and expects to raise the full amount by the end of the year. The three founders of Metalayer are former executives of Two Sigma Ventures, including former head of digital assets Andy Kangpan. It is understood that Metalayer has invested in three companies, including the synthetic dollar project Ethena, the institutional trading platform Crossover, and the blockchain clearinghouse Clear Token, demonstrating its strategy of focusing on the integration of cryptocurrency technology with mainstream financial services.

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