CMT Digital bags $136M for its fourth crypto venture fund

CMT Digital closed its fourth cryptocurrency venture fund at $136 million in early October 2025, according to Fortune. The fundraising round attracted capital from family offices, high-net-worth individuals, and large institutions, though the firm did not disclose specific investor names.

The capital raise marks a significant milestone for the venture firm, which began fundraising efforts in May 2024 with an initial target of $150 million. The final amount represents the company’s largest fund to date, following previous raises of $25.5 million, $130 million, and $100 million across its first three funds.

Gerald Brant led the capital formation as CMT Digital’s Head of Capital Formation. Prior to joining the firm, Brant held identical roles at BlockTower Capital and Pantera Capital, where he oversaw asset growth from $400 million to $5.5 billion.

Exclusive: Crypto venture firm CMT Digital raises $136 million for fourth fund https://t.co/K9Td4IXa35

— Abbey Coleman (@Abbeycolemannn) November 5, 2025

CMT Strategic Deployment in Stablecoin Infrastructure

CMT Digital has allocated approximately 25% of the new fund since closing. The firm focused its initial investments on the stablecoin sector, deploying capital into startups including Coinflow and Codex.

Investment partner Sam Hallene outlined the firm’s long-term approach in June 2024, stating the company invests predominantly in corporations whose vision may not materialize for three to seven years. The strategy emphasizes decentralized physical infrastructure, which Hallene described as application-specific hardware for persistent file storage and internet provision.

Helium, a decentralized wireless network operating on the Solana blockchain, serves as an example of this infrastructure focus. CMT Digital has invested in over 150 crypto and blockchain corporations since its founding in 2018.

The firm’s early entry into cryptocurrency venture capital provided access to industry leaders during their formative stages. Its portfolio includes Circle, Coinbase, ConsenSys, and FalconX.

Crypto Venture Capital Momentum

Venture capital activity in the cryptocurrency sector experienced substantial growth throughout 2024 and 2025. The first quarter of 2024 recorded $2.4 billion in investments, representing a 40.3% quarter-on-quarter increase, according to PitchBook data.

However, these figures remained significantly below the industry’s peak in early 2022, when first-quarter funding reached $10 billion. The contrast highlights the sector’s recovery trajectory following a prolonged market downturn.

October 2025 marked a notable acceleration in crypto fundraising activity. Venture capital funds deployed over $4.56 billion into crypto startups during the month, according to Rootdata statistics.

Seventy-five startups secured funding across 75 publicly disclosed rounds throughout October. Deal volume increased 21% compared to September’s 62 rounds, though the total funding amount decreased 11% from September’s $5.122 billion.

Meanwhile, Digital assets company Ripple raised $500 million in funding on Wednesday, reaching a $40 billion valuation. The capital injection follows multiple acquisitions as Ripple expands beyond its core payments business.

According to CNBC, digital asset infrastructure company Ripple has announced the completion of a $500 million funding round, raising its valuation to $40 billion. The round was led by funds managed by Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital,… pic.twitter.com/LCyV4rvJKF

— Wu Blockchain (@WuBlockchain) November 5, 2025

The fundraising environment for crypto companies has improved following Donald Trump’s election as President. Industry participants cite a more favorable regulatory climate in the United States. The passage of the GENIUS Act stablecoin legislation further strengthened market conditions. Crypto and digital asset firms are capitalizing on this regulatory clarity to secure funding and expand operations.