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CMT Digital Closes $136 Million Fund IV to Back Next Wave of Crypto Infrastructure

The firm says the new vehicle targets early-stage builders with limited partners showing confidence despite a difficult fundraising climate.

Overview

  • The raise closed in early October at $136 million with commitments from family offices, high‑net‑worth individuals, and some larger institutions, according to the firm.
  • Fund IV finished below the $150 million goal set in 2024 but marks continued LP support during a down year for venture fundraising reported by PitchBook.
  • Roughly 25% of the fund has been deployed, including stablecoin-focused investments in Coinflow and Codex, partner Sam Hallene told Fortune.
  • CMT Digital says the strategy centers on infrastructure, decentralized finance, and a thesis of re‑architecting finance for broader crypto adoption.
  • The firm reports more than $600 million in assets under management and a track record that includes Coinbase, Circle, Figure, and Consensys, with Circle and Figure recently going public and Consensys preparing a listing per prior reporting.