Venture capital firm CMT Digital is raising a $150 million fund for its fourth fund, primarily for Web3 investments. This will be the company's largest fund to date. Investment partner Sam Hallene stated that the fund will focus on projects with long-term potential, such as decentralized physical infrastructure, citing the Helium network on the Solana blockchain as an example. Additionally, the company has shown interest in stablecoins. Former BlockTower Capital and Pantera Capital executive Gerald Brant will oversee this fundraising and has joined CMT as the Head of Capital Growth.

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Wu learned that, according to Fortune, the venture capital firm CMT Digital raised funds for its fourth fund a month ago, aiming to raise $150 million for Web3 investments. If successful, this fund will be the largest fund the company has raised to date. Sam Hallene, an investment partner at CMT Digital, stated that the company is taking a long-term view, with the fourth fund primarily investing in companies whose 'vision' may not be realized for three to seven years. Hallene believes that the next wave of innovation will come in the form of decentralized physical infrastructure, citing Helium, a decentralized wireless network on the Solana blockchain, as an example. Additionally, Hallene mentioned that CMT is also interested in stablecoins, whether for global remittances or yield-bearing tokens like Ethena USDe. Gerald Brant, a former executive at BlockTower Capital and Pantera Capital, will oversee this fundraising and join CMT as the Head of Capital Growth.

CMT Digital raised $150 million in investment for Web3, creating the largest fund in the company's history.