The newly established crypto investment firm Metalayer is attracting market attention! They have submitted a filing to the U.S. Securities and Exchange Commission, planning to set up a $25 million fund focused on investments in the crypto industry. 🎉

The three founders of Metalayer are all former executives from Two Sigma Ventures, including former head of digital assets Andy Kangpan. The company has completed its first round of fundraising, securing $20 million in committed capital, and plans to raise the full amount by the end of the year. 💰

Metalayer has already invested in the synthetic dollar project Ethena, the institutional trading platform Crossover, and the blockchain clearinghouse Clear Token, demonstrating their focus on the integration of crypto technology with mainstream financial services. 📈

Despite a decline in overall crypto venture capital activity, Metalayer's fundraising has still received support from industry insiders, marking a continued warming of venture capital interest in the blockchain space. 🔄