Gold Finance reports that the newly established cryptocurrency investment company Metalayer has submitted documents to the U.S. Securities and Exchange Commission (SEC) to establish 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 all former executives of Two Sigma Ventures, including the 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 focused on the integration of cryptocurrency technology with mainstream financial services.

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