According to Foresight News, Daniel Howard, son of British hedge fund billionaire Alan Howard, and his partner Bhavin Vaid have announced the creation of a new crypto venture capital fund named Halo Capital. The fund has successfully raised $25 million and aims to bring a growth-oriented investment approach to early-stage crypto projects. Halo Capital is headquartered in New York and has a broad investment scope, covering areas from Bitcoin to decentralized artificial intelligence.

Both founders come from 10T Holdings, a private equity firm focused on cryptocurrency. They began fundraising for Halo Capital in March of this year and officially launched the fund in June. The initiative seeks to leverage their expertise to identify and support promising ventures in the rapidly evolving crypto space.