According to ChainCatcher, the newly established crypto investment company Metalayer has submitted documents to the U.S. Securities and Exchange Commission (SEC), planning to establish a $25 million fund focused on investments in the crypto 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 from 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 exchange Crossover, and the blockchain clearinghouse Clear Token, demonstrating its strategy focused on the integration of crypto technology and mainstream financial services.
Despite a decline in overall crypto venture capital activity, Metalayer's fundraising is still supported by executives from Two Sigma Ventures and other investors. Industry insiders believe that the establishment of this fund signifies the continued warming of venture capital enthusiasm in the blockchain field.
