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

Venture capital company Sequoia Capital confirmed the release of a new $500-$600 million sub-fund created for “liquid tokens and digital assets.” The company declared this represents its strategic “commitment to crypto.”

This new liquid token fund will complement the company’s ongoing crypto investing. In the announcement, the company also highlighted several collaborations with Sam Bankman-Fried, the CEO of FTX, and the co-founder of Fireblocks, Michael Shaulov.

Several blockchains such as Ethereum and Solana, but also “major” DeFi protocols were also mentioned.

“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 focused on crypto assets, blockchain protocols, and blockchain startups began to increase in 2021 reaching a record of $621 billion.

Sequoia also wants to start new collaborations with various crypto teams.

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