Metalayer Launches $25 Million Crypto Venture Fund Led by Former Two Sigma Executives

Metalayer, a crypto-focused investment firm, has secured $20 million in a first close toward its $25 million crypto venture fund target. According to a recent Fortune report, the fund’s early backing came from institutional investors, including executives from Two Sigma Ventures. Metalayer has reportedly drawn backing from family offices and executives at blockchain projects, in addition to capital from Two Sigma Ventures’ leadership. The fund expects to close the remaining $5 million by the end of the year. The investments include Ethena, which is focused on yield-generating digital assets; Crossover, a crypto exchange designed for institutional use.

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