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

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Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to “liquid tokens and digital assets.” Cryptocurrency Blockchain

The company noted during its announcement that the new fund highlights Sequoia’s strategic “commitment to crypto.”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 adubbed “A Block Step Forward,” Sequoia says the new liquid token fund “complements” the firm’s ongoing crypto investing.

The venture capital firm also mentioned blockchains like Ethereum, Solana, and “major” decentralized finance 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 investments in 2021 broke records at

 

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