- Alpha Sigma Capital and Transform Ventures will raise $100 million for two new funds focused on blockchain and Web 3.0 ventures.
- $2.65 million of initial investment is made in cash, bitcoin and ethereum with an option to invest an additional $2.9 million.
- The two new funds are Alpha Liquid digital assets fund and a closed-end venture capital firm called the Aegean Fund.
- The cryptocurrency industry is facing more intense scrutiny after the high-profile bankruptcy of crypto exchange FTX in November.
US digital asset fund, venture capital firm to raise $100 million for two new blockchain funds
Alpha Sigma Capital, a U.S.-based digital asset fund, and Transform Ventures, a venture capital firm, will raise $100 million for two new funds focused on the blockchain and so-called decentralized Web 3.0 ventures, Alpha Sigma founder and Chief Executive Officer Enzo Villani said on Wednesday.
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