A leading global venture capital firm focused on early-stage investments that accelerate the adoption of blockchain technology, today announced the close of its fourth venture fund at $136 million. Fund IV will invest in founders building the infrastructure and applications driving the next phase of crypto adoption, at a time when regulators are clarifying digital asset frameworks and institutional participation is expanding.
“Since launching our venture practice in 2017, our mission has been to back outlier founders with bold visions made possible by public, decentralized blockchains. Eight years in, the value creation, deep partnerships, and impact we’ve experienced have exceeded every expectation, yet it still feels like the journey is just beginning,” said Sam Hallene, Partner at CMT Digital. “As the world continues to move on chain, we believe the most transformative ideas are still ahead. With fresh capital, trusted partners, and a proven platform, we’re ready to help the next generation of visionaries build.”
Investing Through Market Cycles
CMT Digital has invested in crypto since 2016, deploying capital through multiple market cycles. As a division of CMT Group, a diversified investment firm with more than 25 years of experience, CMT Digital leverages deep trading expertise to identify infrastructure that endures beyond short-term trends. Guided by in-house research, the firm produces original analysis to inform its strategy and help portfolio companies scale.
With over $600 million in assets under management and a presence across the U.S., APAC, and Europe, CMT Digital has a long history of identifying category leaders early. The firm backed Coinbase, Circle, and Figure prior to their public listings and has invested in fast-growing platforms such as FalconX, Ethena, Maple, Zero Hash, Coinflow, and Andrena.
A Decade of Evolving with the Industry
Across four funds, CMT Digital has identified and supported the foundational infrastructure behind each phase of crypto adoption:
- Fund I – Establishing Access: Backed the first platforms that gave retail and institutions credible entry points into crypto.
- Coinbase, Circle, BitGo, Figure, FalconX, Strike
- Fund II – Building Onchain Infrastructure: Focused on the core rails for on chain capital movement— wallets, data, on chain credit markets, and emergent opportunities like gaming.
- Consensys, dYdX, Pyth, Maple, Sky Mavis
- Fund III – Expanding Utility: Invested in payments, decentralized infrastructure, and consumer applications moving crypto beyond speculation.
- Ethena, EtherFi, Superstate, Hypernative, Coinflow, Andrena
- Fund IV – Re-architecting Finance: Backing founders building blockchain-native infrastructure for global markets.
- 10 investments to date, including FortyTwo, 1Money, D2X, Winston Artory Group, Odysseus, Zylu
Fund IV continues CMT Digital’s decade-long thesis, from access and infrastructure to utility and now the re-architecture of global finance.
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