Sequoia has revealed more details on its new evergreen fund structure that will allow it to go all-in on crypto projects.
The firm is allocating up to $600 million for a sub-fund that will primarily, though not exclusively, invest in liquid tokens and digital assets. The move allows Sequoia to ramp up crypto investing beyond fiat currencies and build on its recent momentum in the sector.
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Sequoia Capital is allocating hundreds of millions towards investing in liquid tokens and digital assets, showing a new trend of large funds starting to invest more heavily in cryptocurrency.
https://pitchbook.com/news/articles/vc-sequoia-crypto-blockchain-deals
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