CMT Digital secures $136M to back next wave of blockchain startups

The Chicago-based crypto venture company has already invested part of its new $136 million fund in stablecoin startups, as blockchain VC activity slows in 2025.

CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups.

The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday.

Investment partner Sam Hallene told Fortune that the fund drew backing from a mix of wealthy individuals, family offices, and institutional investors, though he declined to name participants in the round.

Read more