Sino Global Capital, a Chinese crypto venture capital firm led by Matthew Graham, has launched a $200 million fund backed by FTX.
Sino Global said Liquid Value Fund I had a hard cap of $200 million, with Graham saying a “significant” portion of that amount was heavily invested by partners such as FTX.
“We are excited to support the launch of Sino Global Capital’s Institutional Fund,” said Sam Bankman-Fried, CEO of FTX. “From the beginning, Matthew and the Sino Global Capital team supported FTX’s vision and worked with us to help it. come true The fund will provide more opportunities for projects that take crypto and blockchain technology to the next level.”
This is the first time Sino Global has accepted external funding. which until now The company has used proprietary funds to invest in more than 20 crypto startups to date.including Solana, FTX, Serum and Wintermute.
Some of these investments will be transferred to new funds, Graham said, which includes LayerZero, Clearpool, Orca and some unannounced investments.
Solana is one of Sino’s most successful investments to date, and Graham says a “bottom-up” approach to investing will be applied to the fund. “We will use the same approach. It will work with and support entrepreneurs with similar values of a highly reliable and long-term growth approach to the ecosystem,” he said.
Liquid Value Fund I will invest in crypto projects. This includes DeFi and NFT infrastructure, and a greater focus on the Solana and Ethereum ecosystems.
Although the fund invests in the world But the market to focus on is Asia. This includes India. “We see India as an extremely important market for crypto,” Graham praised the country’s engineering talent.
“We will find and engage with the best operators in the crypto space in India and will continue to take it seriously,” he said.
Despite India’s lack of regulatory certainty, Graham said he still has hope and believes the country’s government will regulate crypto as a commodity.
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