• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Sequoia Capital is about to launch a $ 500 million cryptocurrency investment fund

194
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

Sequoia Capital says it is about to launch a separate fund for the cryptocurrency marketplace, well worth in excess of half a billion bucks.

Sequoia Capital is about to launch a $ 500 million cryptocurrency investment fund

Sequoia Capital, one particular of Silicon Valley’s oldest and most effective-recognized venture capital money, stated on Feb.17 that it is getting ready to announce a separate investment fund for the cryptocurrency sector. It will also be the very first sector-unique investment fund made by Sequoia considering that its founding in 1972.

The Sequoia Crypto Fund will generally invest in “liquid tokens,” the phrase applied by the fund to refer to tasks that challenge tokens that have been listed or are waiting to be listed, in accordance to manager Shaun Maguire’s statement.

When asked why he had to build his personal cryptocurrency investment fund, Mr. Maguire uncovered that the fund’s founders desired Sequoia to be far more proactive with the crypto tokens they personal. This implies that, as a substitute of getting and holding tokens, Sequoia may perhaps in the close to long term participate in DeFi routines this kind of as staking, lending, liquidity provision, undertaking governance voting and token trading.

As for the unique undertaking, the anticipated investment fund, Sequoia stated it is closely monitoring function on emerging tasks, which include Terra, Avalanche, Close to, Polkadot and Cosmos, but the fund’s partners are even now uncertain whether or not which blockchain can replicate the degree of accomplishment accomplished by Solana in 2021?

After remaining picked for investment, each and every undertaking will be allotted by Sequoia from USD one hundred,000 to USD 50 million, based on the nature of the agreement. The dimension of the crypto fund that Sequioa is about to set up is in between $ 500-600 million, in the portfolio of Sequoia Capital Fund, an investment fund made by Sequoia immediately after restructuring its portfolio in October 2021.

Mr. Maguire extra that the fund intends to use the complete volume inside of one 12 months if the cryptocurrency marketplace enters a bearish trend, but if it stays in an uptrend, it will allot far more than one.five USD.

Additionally, Sequoia Capital Fund will carry on to invest in cryptocurrency startups with $ seven.five billion in assets below management. In 2021 alone, twenty% of Sequoia’s investments are in the cryptocurrency sector, with massive tasks this kind of as FTX, Fireblocks or Filecoin.

In February, the cryptocurrency marketplace noticed various significant fundraising bargains, which include Dune Analytics ($ 69 million), Qredo ($ 80 million), Aleo ($ 200 million), Alchemy ($ 200 million) and Polygon ($ 200 million). 450 million), with the participation of Sequoia Branch of India’s capital.

The cryptocurrency marketplace in January 2022 also noticed lots of record-worth investment bargains, as reported by Coinlive.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: CapitalCryptocurrencyfundInvestmentLaunchmillionSequoia
Share78Tweet49

Related Posts

Hackers Impersonate Security Firms to Steal Crypto Keys

by shark
June 2, 2025
0

SlowMist warns of evolving scams by hackers impersonating security firms to steal cryptocurrency keys.

Altcoin Market Poised for Potential Bullish Rally

by shark
June 2, 2025
0

Altcoin market sees potential for a major rally with technical indicators signaling a bullish trend.

US Sells Seized Bitcoin, Faces Significant Financial Losses

by shark
June 2, 2025
0

The US government faces a significant financial setback due to the sale of seized Bitcoin holdings, experiencing a notable opportunity...

IG Group Launches Retail Crypto Trading in UK

by shark
June 2, 2025
0

IG Group collaborates with Uphold to offer retail crypto trading in the UK, marking a significant step for traditional finance...

Flare Token Surges Amid XRP Integration Announcement

by shark
June 2, 2025
0

Flare (FLR) witnessed a 10.61% surge on June 2, 2025, after announcing its XRP integration, showcasing its potential within decentralized...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Hackers Impersonate Security Firms to Steal Crypto Keys
  • Altcoin Market Poised for Potential Bullish Rally
  • US Sells Seized Bitcoin, Faces Significant Financial Losses
  • IG Group Launches Retail Crypto Trading in UK
  • Flare Token Surges Amid XRP Integration Announcement
  • Elon Musk Introduces XChat with New Encryption Features
  • James Wynn Halts Trading After Massive Loss
  • Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7