Crypto VCs emerge from hibernation as market rallies
CryptoNewsTerminal Staff16 May, 2024
Crypto VCs emerge from hibernation as market rallies
Venture capital funding rounds are ramping up again as the crypto market regains momentum. No notable crypto VCs have emerged from dormancy, according to a March 17 report from Cointelegraph. On March 16, crypto VC firm Aquarius Blockchain launched a $600 million multi-strategy fund, targeting projects focused on on-chain liquidity. The fund, backed by Bitrise Capital, miners, and family offices, will invest in blockchain infrastructure, DeFi, AI, the Bitcoin ecosystem, modular architecture, and early-stage data layer protocols. VC funding into crypto surpassed $1 billion for the second consecutive month in March and April. Notable investment rounds include BlackRock-led funding for digital securities platform Securitize and Puffer Finance, a liquid staking project on EigenLayer.
