Andreessen Horowitz Doubles Down on Crypto Investments With New $515M Fund
Andressen Horowitz pointed to next-generation payments, decentralized finance, new monetization models and Web3 as use cases it would look into for its new $515 million fund.
The fund is the latest example of Wall Street veterans cozying up to bitcoin in their rhetoric and capital allocations.
The crypto exchange group is forming a new fund to invest tens of millions of dollars in the DeFi space.
Liquibit Capital is also said to be managed by a former Barclays Capital vice president and two current JPMorgan and Wells Fargo technicians.
A look inside Arca and TokenSoft’s 605-day crusade to register the first Ethereum blockchain-native ‘40 Act Fund.
The cFund will invest anywhere between $250,000 and $500,000 into startups and small businesses using Cardano or IOHK tech initiatives.