CMT Digital, a global venture capital firm specializing in early-stage blockchain innovation, has announced the closure of its fourth venture fund at $136 million.
The new fund will back founders building both the underlying infrastructure and emerging applications that support the next wave of crypto and blockchain adoption. The announcement comes at a time when regulatory clarity is progressing and institutional engagement in the digital asset market continues to expand.
Since launching its venture practice in 2017, CMT Digital has invested through several crypto market cycles. As part of the CMT Group, a diversified investment firm with over 25 years of experience, the firm leverages its deep trading knowledge to identify blockchain infrastructure that can sustain value creation beyond short-term market sentiment. With more than $600 million in assets under management and teams operating across the U.S., APAC, and Europe, CMT Digital has built a global platform to support founders.
The firm has a record of investing early in companies that later became category leaders. CMT Digital backed Coinbase, Circle, and Figure before their initial public offerings (IPOs) and has supported platforms such as FalconX, Ethena, Maple, Zero Hash, Coinflow, and Andrena.
CMT Digital’s investment approach has evolved in tandem with the adoption cycle of crypto. Its first fund supported companies that helped retail and institutional users enter the market. The second focused on infrastructure for on-chain capital movement, including wallets and decentralized credit markets. The third expanded into payments, decentralized infrastructure, and consumer use cases. Fund IV focuses on blockchain-native infrastructure designed to transform the way global markets operate. Ten investments have already been made from the new fund, including FortyTwo, 1Money, D2X, Winston Artory Group, Odysseus, and Zylu.
The firm emphasizes close, long-term collaboration with the founders it backs. Portfolio company leaders describe the partnership as deeply engaged, with support provided on product development, strategy, introductions, scaling, and guidance during both growth and challenging market environments.
KEY QUOTES
“Since launching our venture practice in 2017, our mission has been to back outlier founders with bold visions made possible by public, decentralized blockchains. Eight years in, the value creation, deep partnerships, and impact we’ve experienced have exceeded every expectation, yet it still feels like the journey is just beginning. As the world continues to move on chain, we believe the most transformative ideas are still ahead. With fresh capital, trusted partners, and a proven platform, we’re ready to help the next generation of visionaries build.”
Sam Hallene, Partner at CMT Digital
“We’ve really enjoyed having CMT Digital as partners. They participated across several rounds, from seed to public sale. They’ve brought value in several ways, be it through various introductions or hands-on product feedback. They saw our vision from day one and have stuck with us through the ups and downs.”
Guy Young, Founder and CEO of Ethena
“CMT Digital has been a great partner to us. They combine investment discipline with deep product involvement, supporting our team beyond capital. Since 2019, they have provided valuable feedback on our product roadmap and continual support on initiatives such as fundraising and hiring. We could not be happier to have had CMT Digital in our corner all these years.”
Raghu Yarlagadda, Co-Founder and CEO of FalconX
“CMT Digital led our seed round in January 2024. Their diligence process was intense, and it showed a true desire to understand our business at a core level. Their investment kicked off a relationship that can only be described as a partnership in its truest sense. Yes, they deeply understand our business and are able to add a ton of value through customer introductions and vendor introductions, but they’re also there for us every step of the way in the more human level of business building. They’ll pick up my call any time and give thoughtful feedback. Business building can at times be a lonely endeavor, but I know for us at Coinflow it is less so given the partnership with the CMT Digital team. I could not recommend CMT Digital as an investor enough.”
Dan Lev, Co-Founder and CEO of Coinflow
