PANews reported on July 10 that according to The Block, crypto investment company Hypersphere Ventures has opened its newly launched liquidity fund to external investors, which has gathered $130 million in assets under management (AUM). The liquidity fund, called Atlas, is a multi-manager fund that aims to provide a 40% return through various trading strategies, including DeFi, quantitative, market making, and arbitrage. The fund also provides co-investment in private rounds, such as Toncoin. These co-investments are divided into private equity categories, and existing investors can choose to join.

Hypersphere founder Jack Platts said Atlas was first launched in stealth mode in January with an initial investment of $100 million from Hypersphere's balance sheet. Since then, the fund's assets under management have grown to $130 million and is now open to external investors. Atlas is an open-ended liquid fund, so it does not set a target amount to raise from external investors. However, the fund's strategic capacity is far more than $300 million.

In addition to Atlas, Hypersphere will also raise a new venture fund to invest in early-stage crypto projects. Platts revealed that the company plans to raise $75 million for the venture capital fund, adding that fundraising will begin in the fall.