Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets

On February 17, the task superior steadfast Sequoia Capital announced the motorboat of a caller $500 cardinal to $600 cardinal sub-fund dedicated to “liquid tokens and integer assets.” The institution noted during its announcement that the caller money highlights Sequoia’s strategical “commitment to crypto.”

Venture Firm Sequoia Capital to Launch a Fund Focused connected Liquid Tokens and Digital Assets

The American task superior steadfast headquartered successful Menlo Park, California, Sequoia Capital is starting a money that volition beryllium focused connected investing successful crypto assets. In a blog post dubbed “A Block Step Forward,” Sequoia says the caller liquid token money “complements” the firm’s ongoing crypto investing. Sequoia’s announcement further discussed anterior partnerships with crypto movers and shakers similar FTX CEO Sam Bankman-Fried and Michael Shaulov the co-founder of Fireblocks.

The task superior steadfast besides mentioned blockchains similar Ethereum, Solana, and “major” decentralized concern (defi) protocols. While investing successful these technologies, Sequoia mentioned learning a large woody on the way. “Today, we are doing conscionable that with a caller $500–600M sub money focused chiefly connected liquid tokens and integer assets,” the blog station published connected Thursday notes. Sequoia Capital continued:

Sequoia Crypto Fund complements our broader committedness to crypto. Our extremity with this money is to enactment much actively successful protocols, amended enactment token-only projects, and larn by doing ourselves. We stay committed to moving collaboratively with the crypto community, including providing ongoing enactment for open-source research.

Venture superior aimed astatine blockchain protocols, crypto assets, and up-and-coming blockchain startups grew exponentially past year. In fact, wide task superior (VC) investments successful 2021 broke records astatine $621 billion. Last year’s task capital, funds that were chiefly focused connected crypto tokens and blockchain exertion businesses, represented 5.28% of 2021’s aggregate VC investments with $32.8 billion.

While the Sequoia Crypto Fund volition deploy $500 cardinal to $600 cardinal toward “liquid tokens and integer assets,” Sequoia says it besides plans to proceed partnering with crypto teams crossed the industry. During the archetypal week of February 2022, Sequoia Capital India led the $450 cardinal investment circular successful Polygon. Sequoia is considered 1 of the 20 apical task investors successful blockchain and crypto. The California institution has investments successful Metastable, Polychain, Binance, Huobi, Polygon, Orchid Labs, and String Labs.

What bash you deliberation astir Sequoia Capital announcing the motorboat of a caller $500 cardinal to $600 cardinal sub-fund dedicated to cryptocurrencies? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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