SCOOP: Venture capital firm Tribe Capital, which has previously backed cryptocurrency firms Kraken and Bitfinex, is targeting a $100 million raise for its new crypto fund, according to sources. By JamieCrawleyCD.
Venture capital company Tribe Capital, which has previously backed cryptocurrency firms Kraken and Bitfinex, has introduced a new crypto fund and is targeting a $100 million raise for the fund, sources familiar with the matter told CoinDesk.
San Francisco-based Tribe, which has $1.6 billion in assets under management, plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, decentralized finance projects and infrastructure plays to bring real-world assets on chain. Specifically, Tribe wants to help drive the development of protocols which can provide security, scalability, liquidity and cross-chain compatibility so that the crypto ecosystem garners greater trust, thus fuelling further adoption.
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