TLDR:
– CMT Digital is aiming to raise $150 million for its fourth fund, focusing on longer-term crypto investments.
– Fundraising began one month ago and is being overseen by Head of Capital Formation Gerald Brant.
CMT Digital, a venture capital firm, is seeking to raise $150 million for its fourth fund, with a focus on longer-term investments in the crypto space. The fund aims to capitalize on the next wave of innovation, particularly in decentralized physical infrastructure. This includes investments in application-specific hardware and networks like Solana-based wireless network Helium.
The fund has already raised significant amounts in its previous three funds, including $25.5 million, $130 million, and $100 million. The current raise is being led by Gerald Brant, who brings a wealth of experience from previous roles at firms like BlockTower Capital and Pantera Capital. Brant mentioned the firm’s interest in stablecoins, particularly in their applications for global remittances and as yield-bearing tokens.
CMT Digital, a subsidiary of CMT Group, has a strong track record in the crypto industry, having invested in over 150 crypto-related companies since 2018. Some notable investments include Circle, Coinbase, and Consensys. The firm’s ambitious fundraising goal reflects its confidence in the future potential of the crypto market and its commitment to supporting innovative projects in the space.
