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New York-based task superior steadfast Archetype has raised $100 cardinal for its 3rd money aimed astatine backing early-stage blockchain startups, the steadfast said.
The fund, called Archetype III, is supported by a premix of existing and caller organization investors, including pensions, world endowments, sovereign wealthiness funds, and funds of funds.
Archetype has a way grounds of aboriginal bets that paid off. Privy, a crypto wallet startup successful its portfolio, was acquired by Stripe earlier this year.
Another investment, US Bitcoin Corp, completed a merger with Hut 8, a determination that brought the institution into a associated task tied to Eric Trump’s American Bitcoin project.
The steadfast presently manages astir $350 cardinal successful assets, including sizable stakes successful Solana and Ethereum, according to the document.
While circumstantial investments from the caller money haven’t been disclosed, Archetype said respective deals person already been made. The steadfast plans to absorption connected founders gathering real-world usage cases that could bring crypto to broader user markets.
CoinDesk has reached retired to Archetype for remark but hasn’t heard backmost by property time.
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