Sequoia Capital’s $600 Investment in Crypto

Sequoia Capital, the venture is an American venture capital firm focusing on the technology industry. It recently found itself in the news for its “commitment to crypto”. The venture firm has dedicated a huge amount of money to cryptocurrency and is following a trend that has obviously taken the entire world by storm. Almost everyone today is aware of cryptocurrency and in this article, we will discuss Sequoia Capital’s pledge ad investment in crypto.

$600 The Fund

Sequoia Capital is a venture capital firm focusing on the technological sector and it recently made waves by the creation of a sub-fund. According to Bitcoin.com The sub-fund, amounting to around $600 million is dedicated to “liquid tokens and digital assets.”

Sequoia is considered one of the top 20 venture investors in blockchain and crypto. The company based in Menlo Park, California, has investments in Binance, Polychain, Polygon, Orchid Labs, String Labs, Huobi, and Metastable. In a blog post published by Sequoia, they had the following to say:-

“Sequoia Crypto Fund complements our broader commitment to crypto. Our goal with this fund is to participate more actively in protocols, better support token-only projects, and learn by doing ourselves. We remain committed to working collaboratively with the crypto community, including providing ongoing support for open-source research.”

Since the company has a focus on technology, they have also invested in blockchain technologies like Ethereum, Solana and “major” decentralized finance protocols.

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The Goals of the Fund

According to The Times of India, the objectives set out by Sequoia Capital in launching cryptocurrency funds are:-

  • Cryptocurrency fund will be a sub-fund under the umbrella Sequoia Capital Fund.
  • The funds will use the capital of the existing limited partners instead of bringing in new funding.
  • Along with the crypto investment fund, two separate funds have been created. They are Sequoia’s Ecosystem fund and Expansion Fund, respectively.
  • The Ecosystem and Expansion fund will back an entire range of technologies which would include crypto.

and more…

With an end number of investments in cryptocurrency at the corporate front, what remains to be seen is how it differentiates the market from before. Alongside the corporate crypto trends, there are also political changes being affected.

It seems that there is an influx of not just investment, but also of attention to blockchain and crypto. What remains to be seen is the changes that it will bring about in the economic, social, and political spheres.

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