Risk investment firm CMT Digital is raising $150 million for its fourth fund, focusing on Web3 investments. The fundraising is led by Managing Director of Capital Formation, Gerald Brant, who previously held the same position at BlockTower Capital and Pantera Capital.

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<p>According to Fortune, venture capital firm CMT Digital has been raising $150 million for its fourth fund for Web3 investments since a month ago. Gerald Brant is overseeing this fundraising as the Head of Capital Formation at CMT Digital. Prior to joining CMT Digital, Gerald Brant held the same position at BlockTower Capital and Pantera Capital.</p>
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CMT Digital plans to raise $1.5 billion for Web3 investments.