Sequoia Capital Launches $500-600 Million Crypto Investment Fund

According to The Block, Sequoia Capital has launched a cryptocurrency investment fund with a scale of US$500-600 million, which mainly invests in liquid tokens, including tokens listed on cryptocurrency exchanges and those that have not yet been listed. The investment scale of a single project is 10 Between $10,000-$50 million, and plans to participate in processes ranging from staking to providing liquidity to governance. This is Sequoia's first sector-specific fund since its inception in 1972.

Maguire, a partner at Sequoia Capital, said the agency is particularly interested in cross-chain interoperability and GameFi projects, and sees multi-chain as the future. “If the crypto market enters a bear market, the fund is expected to be fully deployed within a year, and if it enters a bull market, the fund will be fully deployed in more than a year,” Maguire said. “We are still in the absolute beginning. Crypto Currency will be the biggest trend in the next 20 to 30 years.”

Sequoia Capital has been investing in cryptocurrencies in equity and token trading since 2015. Last year, 20% of the firm’s new investments in the U.S. and Europe were in cryptocurrency projects, and its portfolio companies include FTX, Fireblocks, StarkWare and Filecoin.