In response to Fortune, enterprise capital firm CMT Digital plans to boost $150 million in capital for its fourth fund, which is able to give attention to long-term cryptocurrency investments.
CMT Digital had beforehand raised $25.5 million, $130 million and $100 million in its first three funds, respectively.
If the corporate manages to boost the $150 million it targets for its fourth fund, this fund would be the firm’s largest fund.
Funding associate Sam Hallene informed Fortune about CMT Digital’s fourth fund that the agency is considering long-term, investing closely in corporations whose imaginative and prescient is promising inside three to seven years.
Citing Helium (HNT) for example, Hallene mentioned:
“Proper now the following wave of innovation is coming within the type of decentralized bodily infrastructure.
An instance of that is Helium, a decentralized wi-fi community on the Solana blockchain.
Helium defined that the brand new infrastructure space pertains to “application-specific {hardware}, be it persistent file storage or web provisioning.”
Hallene additionally famous that the corporate has elevated curiosity in stablecoins, each when it comes to world remittances and yield-generating tokens like Ethena’s USDe.
CMT Digital is a enterprise capital agency that has invested in additional than 150 cryptocurrency and blockchain corporations since 2018.
*This isn’t funding recommendation.
