Senior professionals at Two Sigma have raised a $25 million cryptocurrency venture fund.

According to a report by Fortune, Metalayer Inc. submitted relevant documents to the U.S. Securities and Exchange Commission on Thursday, planning to raise $25 million for a crypto venture fund. It is reported that the co-founders of Metalayer are three senior figures from Two Sigma Ventures, with initial funding coming from several executives of Two Sigma Ventures. Two Sigma is known for its hedge funds, managing approximately $60 billion in assets.