On February 17, the venture capital firm Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to “liquid tokens and digital assets.” The company noted during its announcement that the new fund highlights Sequoia’s strategic “commitment to crypto.”
Venture Firm Sequoia Capital to Launch a Fund Focused on Liquid Tokens and Digital Assets
The American venture capital firm headquartered in Menlo Park, California, Sequoia Capital is starting a fund that will be focused on investing in crypto assets. In a blog post dubbed “A Block Step Forward,” Sequoia says the new liquid token fund “complements” the firm’s ongoing crypto investing. Sequoia’s announcement further discussed prior partnerships with crypto movers and shakers like FTX CEO Sam Bankman-Fried and Michael Shaulov the co-founder of Fireblocks.
The venture capital firm also mentioned blockchains like Ethereum, Solana, and “major” decentralized finance (defi) protocols. While investing in these technologies, Sequoia mentioned learning a great deal along the way. “Today, we are doing just that with a new $500–600M sub fund focused primarily on liquid tokens and digital assets,” the blog post published on Thursday notes. Sequoia Capital continued:
Sequoia Crypto Fund complements our broader commitment to crypto. Our goal with this fund is to participate more actively in protocols, better support token-only projects, and learn by doing ourselves. We remain committed to working collaboratively with the crypto community, including providing ongoing support for open-source research.
Venture capital aimed at blockchain protocols, crypto assets, and up-and-coming blockchain startups grew exponentially last year. In fact, overall venture capital (VC) investments in 2021 broke records at $621 billion. Last year’s venture capital, funds that were primarily focused on crypto tokens and blockchain technology businesses, represented 5.28% of 2021’s aggregate VC investments with $32.8 billion.
While the Sequoia Crypto Fund will deploy $500 million to $600 million toward “liquid tokens and digital assets,” Sequoia says it also plans to continue partnering with crypto teams across the industry. During the first week of February 2022, Sequoia Capital India led the $450 million investment round in Polygon. Sequoia is considered one of the 20 top venture investors in blockchain and crypto. The California company has investments in Metastable, Polychain, Binance, Huobi, Polygon, Orchid Labs, and String Labs.
What do you think about Sequoia Capital announcing the launch of a new $500 million to $600 million sub-fund dedicated to cryptocurrencies? Let us know what you think about this subject in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
What’s Going down i am new to this, I stumbled upon this I have discovered It absolutely helpful and it has aided me out loads. I hope to contribute & help other customers like its aided me. Great job.
I went over this website and I believe you have a lot of superb information, saved to favorites (:.
Some genuinely interesting details you have written.Assisted me a lot, just what I was looking for : D.
I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.
buy prograf 5mg pill buy ursodiol generic ursodiol 300mg us
Saved as a favorite, I really like your blog!
Pretty nice post. I just stumbled upon your weblog and wanted to say that I have truly enjoyed surfing around your blog posts. After all I will be subscribing to your feed and I hope you write again soon!
This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.
Hello.This post was extremely remarkable, especially because I was searching for thoughts on this matter last Thursday.
obviously like your web-site but you have to test the spelling on quite a few of your posts. Several of them are rife with spelling issues and I find it very bothersome to tell the reality on the other hand I?¦ll certainly come back again.
Good – I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Excellent task.
I gotta bookmark this web site it seems handy very helpful
I?¦m no longer positive where you are getting your info, but great topic. I needs to spend a while learning more or understanding more. Thank you for wonderful info I was on the lookout for this information for my mission.
This piece of writing will help the internet viewers for
building up new website or even a blog from start
I know this if off topic but I’m looking into starting my own blog and was curious what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100 positive. Any recommendations or advice would be greatly appreciated. Appreciate it