TLDR:
- Borderless Capital acquires CFT Capital to enhance efficiency in capital deployment.
- VC firms invest in startups like Keyring Network, Morph, Rails, BOB, FLock, and Race.
Venture capital firms are taking advantage of the current bull cycle, with notable acquisitions and funding raises in the crypto space. Borderless Capital recently acquired CFT Capital, adding AI and quant proprietary trading products to boost efficiency in capital deployment across Web3 verticals. The firm, with $600 million in assets under management, is an early investor in Algorand, Blockdaemon, and Securitize, with plans to expand into Latin America.
Looking ahead to 2024, Borderless anticipates cross-chain standardization as the next evolution in the crypto space, aiming for an aggregation layer that can interoperate across various chains. Other focuses for the firm include decentralized physical infrastructure (DePIN), seen as a new coordination and innovation paradigm for diverse industries.
In the startup scene, Morph raised $20 million for its EVM layer-2 solution, Keyring Network secured $6 million for digital asset compliance, FLock.io received $6 million for decentralized AI training, Rails raised $6.2 million for self-custodial perpetuals exchange, BOB secured $10 million for its Bitcoin layer-2 solution, and RACE unveiled a $5 million raise for its asset tokenization platform.
Overall, VC firms are actively seeking opportunities in cross-chain solutions, Bitcoin layer-2 developments, institutional tools, and AI innovation to capitalize on the growing market trends.
